Emerging Asia to Suffer Most From Strong Dollar, Macquarie Says
Photographer: Taylor Weidman/Bloomberg
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Asia’s emerging-market currencies may be the biggest casualties of dollar strength this year, Macquarie Bank Ltd. says.
The risk-off mood prevailing in global markets caused by the U.S.-China trade dispute is likely to persist and amplify the dollar’s traditional haven role, said Gareth Berry, senior vice president FX and rates strategy at Macquarie.