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85GEOPOLITICS

Leaders of expanded BRICS bloc, including Russia's Putin and China's Xi, meet in India amid global conflicts

⚡ Markets: Long-term theme of de-dollarization and creation of alternative financial infrastructure. Progress on linking payment systems or local currency trade could gradually erode the dollar's dominance, affecting US Treasury demand.USDCNYINRRUB

The leaders of the expanded BRICS group are meeting in New Delhi, with Russia's Vladimir Putin and China's Xi Jinping attending. The summit's agenda is dominated by the wars in the Middle East and Ukraine, global economic instability, and efforts to increase trade in local currencies and link national payment systems.

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