Three venerable members of the BRICS consortium-those paragons of economic prudence-cast off their US debt holdings in a most dramatic fashion, as if discarding a tattered cloak in a storm. The U.S. Treasury, ever the meticulous archivist, documents this exodus with a sigh, as if watching a beloved heirloom slip through one’s fingers.
The latest data from the Treasury International Capital System, a veritable treasure map for financial sleuths, reveals Brazil, China, and India collectively offloading a staggering $28.8 billion in US treasuries. One might imagine them tossing gold coins into a well, except the well is a global market with a penchant for chaos.
India, that sly fox, led the charge, trimming its US debt by a mere $12 billion-a drop in the ocean, yet enough to ruffle feathers. China, ever the stoic, shed $11.8 billion, while Brazil, the reluctant participant, scaled back by $5 billion. A trio of titans, each with their own reasons, yet all united in a shared disdain for the dollar’s shimmering allure.
Over the past year, China has offloaded $71.4 billion, Brazil $61.1 billion, and India $50.7 billion. One wonders if they’ve been hoarding Swiss francs or simply practicing their ballet moves in the shadow of Wall Street.
This fiscal exodus coincides with J.P. Morgan’s prophetic forecast: the dollar’s bearish streak, a tale as old as time, will persist into 2026. A fitting end to a year of financial theatrics, where even the most steadfast currencies tremble like leaves in a gale.
Meera Chandan, the oracle of J.P. Morgan’s forex strategy, opines with the gravitas of a poet: “Our dollar view for 2026 is net bearish… a lower dollar on the whole.” One might ask, “Is this a prophecy or a haiku?” Either way, the markets quiver in anticipation.
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2025-12-26 21:02