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Emerging Asia to Suffer Most From Strong Dollar, Macquarie Says

General Imagery Of The Economy And The Riel As Cambodia Promotes The Use Of Its Local Currency To Wean Off The Economy's Dependence On The Dollar

Photographer: Taylor Weidman/Bloomberg

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.