Rising US Dollar Will Lead To Instability In EMsRupert Hargreaves
Will the Rising dollar hurt emerging economies?
The US dollar has been the dominant currency this year as traders have bet on further rate hike rates from the Federal Reserve and an inflation burst from Donald Trump’s proposed fiscal stimulus measures.
However, this week Donald Trump talked down the value of the dollar, and this retracement in the greenback was accompanied by a fall in US real bond yields. A marginally weaker dollar has also helped some emerging market bourses, and according to analysts at Jefferies, money market funds have seen an unwinding of the dollar hoarding experienced at . . .
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