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the US dollar is being abandoned the Brazil and China joined forces to stop using the American currency and trade deals this game-changing decision will see the two Nations conduct trade and financial operations directly but why does this matter well by sidelining the US dollar Brazil and China will lower transaction costs encourage increased investment between their Nations and most importantly assert their presence of major Global actors while its unlikely that any single event such as the Brazil China agreement would spell the end for the U.S dollar a combination of factors and a continued shift away from the Dollar by multiple nations would definitely reduce its power in the long term