Chief economist update: Submerging marketsBY BENJAMIN ONG | TUESDAY, 19 JUN 2018 10:54AM
The strong US dollar is triggering currency depreciations in emerging markets which puts upward pressure on inflation that, in turn, is forcing respective central banks to raise interest rates, ultimately slowing growth in emerging economies.
Read more: Markets, Bloomberg, US Dollar, Argentina, Asian, India, Indonesia, Turkey, Brazil, Factset, Jerome Powell, more Fed, Philippines, South Korea, Taiwan, Thailand, Trump
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