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US exceptionalism piles pressure on EM
Emerging market investors will be hoping the final trading week of November brings more joy than the moves they have seen in recent weeks, but it is becoming increasingly difficult for shafts of light to pierce the thickening gloom. America's divergence with the rest of the world - manifested in the strength of the U.S. dollar, the relentless rally on Wall Street and the significant rise in Treasury yields - is becoming more entrenched by the week. The dollar has risen eight weeks in a row and on Friday hit a two-year high. According to analysts at TD Securities, U.S. funds in the past 13 weeks have capturedover 70% ... (full story)
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- Posted: Nov 24, 2024 6:33pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,842
