The USD continues to overpower many emerging market currencies. Since the start of May, for example, the Brazilian real and Indian rupee have fallen 16% against the USD, while the Indonesian rupiah and South African rand have fallen 11%. Interestingly though, the USD has lost ground to its developed market peers of EUR, GBP and JPY over the same period of time. In this regard, HSBC argues that such divergence will not persist, with the USD set to reassert its dominance within the G10 currency world also. "The USD has a mixed historical relationship with Fed tightening cycles, on some occasions strengthening, on ... (full story)