This week, the U.S. dollar continues to face downward pressure from macroeconomic factors. The values of gold, commodities, Bitcoin, and the wider cryptocurrency market are increasing as the value of the USD is declining. This week, approximately 10 local currencies have shown stronger performance than the U.S. dollar, including currencies from two BRICS countries. Additionally, Saudi Arabia is set to participate in the BRICS Summit. Over the past week, the DXY index, which monitors the performance of the US dollar, has experienced a decrease. In March, the USD started at 104 but quickly decreased in value, hitting a low of 103 in weekly indices. Multiple regional currencies surpassed the value of the American dollar as the BRICS nations consider reducing their reliance on the USD. (Source: realmoney.thestreet.com) Other currencies are vying to replace the U.S. dollar as the dominant global reserve currency, posing a challenge to its longstanding position. BRICS is currently traveling around the world, urging developing countries to adopt their own currencies instead of relying on the U.S. dollar.