By Gregor Stuart Hunter and Abhishek Vishnoi Divining the US election result is hard enough, never mind the impact of the vote on markets. Even so, one emerging view is that a Joe Biden win would damp risks in Asia if it curbs some of the tension with China. Disputes in areas such as technology, … Read more
LONDON/NEW YORK: Typically a boon for emerging markets, this year’s plunge in the US dollar may fail to boost the developing world’s prospects as the raging pandemic hits economic activity, increases poverty and exposes weak policymaking. The greenback plummeted by its most in a decade in July and US Treasury yields fell to record or … Read more
By Gregor Stuart Hunter The sliding U.S. dollar is buttressing the case for a further recovery in Asian shares despite jitters caused by spikes in coronavirus cases. The drop in the greenback — about 4% in July alone — may spur flows to Asian markets, fund managers and strategists said. The MSCI Asia Pacific Index … Read more
An accelerating decline in the US dollar is reverberating around the world, adding fuel to a global momentum rally that has boosted prices for everything from technology stocks to gold. The US dollar index, which measures the greenback against six other major currencies, is down around 9% from its March highs and is on track … Read more