ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent ...
Read More »Emerging markets hear the mighty dollar roar
The first stage of this emerging market currency crisis was all about how the problems of individual nations were spilling over into contagion — but without dollar strength as a factor. No longer. A nine-year high for US average hourly earnings in last week’s non-farm payroll report, combined with the strongest reading for the manufacturing PMI index since 2004, have ...
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