World Weekly Astrology Jul 10 - 17: Emotions, AI & De-Dollarization

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As we navigate through Cancer season, it's an emotional time to connect with our roots, our families, and to redefine our path and destiny from our zero point of childhood. Mars finally moves into Virgo after a few weeks with Venus in Leo. Leo will stay in Leo, meeting the sun and Mercury through a retrograde phase that will last until October.

In the coming week, market vulnerabilities are expected due to the intense astrological energies at play. Mars opposes Saturn while Mercury faces off against Pluto. Meanwhile, Mars trines the North Node, ready to change axis in two weeks. These energies push us and the market towards risking on new technologies and currencies.

One particular news article piqued my interest - "How long will the dollar last as the world’s default currency?" published on June 25, 2023. This question will be one of the main topics discussed in the upcoming BRICS (Brazil, Russia, India, China, and South Africa) summit in August 2023. The BRICS nations are exploring the idea of a joint currency, a move that could challenge the global dominance of the dollar.

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The dollar's dominance is indisputable - 88% of international transactions are conducted in U.S. dollars, and the dollar accounts for 58% of global foreign exchange reserves. However, following the Russian invasion of Ukraine, the momentum for de-dollarization has been accelerating.

The BRICS nations, along with several Middle Eastern countries, have been reducing their dependence on the dollar. They have been increasing the use of non-dollar currencies in their cross-border transactions and shifting their reserves away from the dollar and into gold.

The appeal of a new BRICS currency and the de-dollarization process aligns with the Venus retrograde in Leo, as Venus is the depositor of the South Node. This celestial event, signifying a review and re-evaluation of our values and finances, harmonizes with the world's financial changes.

Despite these bold moves, it's important to remember that introducing a new global currency comes with its challenges. It would need efficient payment systems, a well-regulated, stable, and liquid financial market, and a strong track record of joint currency management.

It seems that for now, the most feasible step for the BRICS countries is to create an efficient integrated payment system for cross-border transactions before launching a new currency.

Stay tuned for next week's forecast, and remember to always check the stars when you're considering financial moves.

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