Trump warns BRICS nations against new currency as dollar faces decline
U.S. President-elect Donald Trump has warned BRICS nations not to create a new currency or support alternatives to the U.S. dollar, threatening 100% tariffs. This warning comes after the dollar's steepest weekly decline since mid-August. China's economic data shows improvement, with new home prices rising and factory activity expanding for the second month. Analysts expect China's Caixin manufacturing PMI to show further growth, which could influence market sentiment. On Monday, key economic reports will be released, including China's manufacturing data, Australian retail sales, and Indonesian inflation figures. These developments may provide additional direction for emerging market currencies and the dollar.