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The Economic Times

Opinion / The Economic Times

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US defends dollar as yen weakness threatens global currency order

The US treasury has stepped in to bolster the Japanese yen and several other currencies, signaling a potential decline of the dollar and hints of global economic turbulence. Historical patterns illustrate a downturn in imperial economic dominance. For India, navigating the complexities of changing global alliances and economic dependencies poses significant challenges. However, embracing collaboration within BRICS+ may provide a strategy to reduce future economic turmoil.

10 Aug 2026 10:59 pm