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De-dollarization is accelerating according to JP Morgan’s latest Analysis , as the banking giant warns that weaponized sanctions are steadily undermining confidence in the US dollar as the global reserve currency. For the first time in many years actually, US stocks, bonds, and also the dollar have all declined simultaneously—a rare and concerning signal that investor confidence in US market leadership is shifting dramatically due to this de-dollarization trend. Also Read: Nvidia Rewires H20 Chip to Bypass China Ban: NVDA Stock Set to Rebound? How JP Morgan’s Forecast Reveals The Global De-Dollarization Trend Source: Watcher Guru Dollar Reset Underway JP Morgan’s latest forecast indicates that the US dollar’s longstanding overvaluation is finally unwinding, with a potential 10-20% decline against major currencies such as the euro and Japanese yen. This significant de-dollarization movement coincides with foreign investors dramatically reducing their US stock infl...

Leading investment bank JP Morgan has issued a major financial warning that could affect the US economy this year. The CEO Jamie Dimon told investors on Monday that he believes the US economy will be affected by forces from outside of America. The JP Morgan CEO explained that he worries about geopolitical events including the Russia-Ukraine war, the Israel-Palestine conflict, and the BRICS de-dollarization agenda to create an economic risk on the US markets. Also Read: BRICS: 2 New Countries Express Interest To Join the Alliance Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. “These significant and somewhat unprecedented forces cause us to remain cautious,” said JP Morgan CEO Dimon. BRICS: JP Morgan CEO Warns About the US Financial Markets Source: stock.adobe.com Dimon stressed that America’s global leadership is being challenged by developing countries including the SCO bloc, ASEAN group, and BRICS ...

JPMorgan Chase Bank accidentally deleted 47 million electronic records containing messages related to ongoing investigations by the Securities and Exchange Commission (SEC), latest news on June 22 shows. JPMorgan deleted millions of records, paying a $4 million fine The bank was found to have mistakenly deleted millions of electronic records, including emails and instant messages; an error that has hindered the agency’s ongoing investigations. As a result, the bank has agreed to pay a $4 million fine. You might also like: JPMorgan partners with Indian banks to enable dollar trading via blockchain These records, which involved emails and instant messages, were meant to be protected by a third-party vendor responsible for archiving the bank records. However, it was later discovered that the emails sent to the “Chase” communications domain were not protected as advertised, resulting in their complete erasure.  This loss of critical information affe...