Emerging markets were relatively resilient in the face of a rising dollar and higher interest rates — until recently.
MSCI’s indexes of EM currencies and stock markets have experienced several straight weeks of declines.
The Federal Reserve is expected to raise interest rates next month, and possibly twice more later this year.
A lot that can go wrong for emerging markets has gone wrong this year.
The US dollar has regained all of its losses for this year. US interest rates have continued their ascent. The US and China, the world’s two largest economies, have exchanged blows over trade. President Donald Trump has threatened to upend the North American Free Trade Agreement.See the rest of the story at Business Insider
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