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Danish Saxo Bank publishes ‘shocking’ forecasts for 2025
Danish Saxo Bank published “shocking forecasts” for 2025. In particular, the new trade policy of the administration of the President-elect USA Donald Trump risks leading to negative consequences for the dollar, they reported organizations.
It is alleged that if Trump introduces tariffs against a number of countries, the dollar could become cheaper by 20 percent in relation to other currencies and by 30 percent in relation to gold. At the same time, the cryptocurrency market could grow fourfold – up to $10 trillion. According to the organization’s experts, China and countries BRICS Gold-backed digital currencies will be used more frequently, and Europe will emphasize the use of the euro in trade.
“We don’t know which of our predictions will affect markets in 2025. We can say for sure that they are what we promise: shocking,” said Saxo Bank’s director of macro strategic forecasts John Hardy.
Previously reportedthat Trump’s introduction of 100% tariffs on the BRICS countries could have a negative impact on the dollar and its role in the global economy.
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