Chartist Who Got China Right Sees Dollar Gains Versus Euro
Can Developed Markets Suffer Emerging Market Risk?
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Thomas Schroeder, the strategist who called the top of China’s stock market in April, expects the dollar to wobble before resuming its rally in 2016 when he sees it reaching a 14-year peak.
Dollar bulls are set to profit the most from bets against the euro and emerging-market currencies, including the Philippine peso, Indian rupee and Israeli shekel, said Schroeder, founder of Chart Partners Group Ltd. in Bangkok, a provider of trading strategies linked to technical analysis. China’s surprise devaluation of the yuan this month and a deepening commodities slump have fueled the worst emerging-market currency rout since the global financial crisis.