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Oil prices saw a spike as Middle East conflicts disrupted supply routes.
The BRICS bloc will dump the U.S. dollar in trade settlements and bolster the use of local currencies in bilateral trade.
Cryptic comments from Russian officials regarding the announcement of a gold-backed currency for the trade bloc known as BRICS has created a stir in the international community. Financial and economic experts weigh in and explain how a shared currency may impact the U.S. dollar.
