News Snapshot:
BRICS countries could swing an "economic wrecking ball" at the dollar, a former White House economist says. The bloc has growing power and influence in global trade as it adds new members. Advertisement The dollar could face a growing challenge from BRICS countries, thanks to the bloc's growing size and influence over global trade, according to former White House economist Joe Sullivan. In a recent op-ed for Foreign Policy, Sullivan pointed to mounting fears that BRICS nations could create a currency to rival the US dollar in international trade. Such a currency could potentially topple the dollar from its perch...
