6 Jan 2016
Dollar rallies as negative EM sentiment continues to reign - BBH
FXStreet (Delhi) – Research Team at BBH, notes that the negative EM sentiment continues to reign propelling the US dollar higher against the EM currencies.
Key Quotes
“The dollar is breaking above key levels for many EM currencies, too many to recount here. The usual culprits can be rounded up: the strong dollar, worries about Fed tightening, low commodity prices, and concerns about slow global (and Chinese) growth. These drivers are not going away anytime soon, and so we see 2016 to be a continuation of the 2015 bear market for EM.”
Key Quotes
“The dollar is breaking above key levels for many EM currencies, too many to recount here. The usual culprits can be rounded up: the strong dollar, worries about Fed tightening, low commodity prices, and concerns about slow global (and Chinese) growth. These drivers are not going away anytime soon, and so we see 2016 to be a continuation of the 2015 bear market for EM.”