The Strength Of The US Dollar Will Decide The Fate Of The Emerging Markets

The strength of the US dollar will decide the fate of the emerging markets, said Sanjeev Prasad of Kotak Institutional Equities. “What matters for the emerging markets is where the US dollar is going.
Over the last one month, starting from end of December to early part of February, you had fairly sustained weakness in the US Dollar after it peaked at around 104, it came down to below 100 levels,” he said.

He said dollar will strengthen even further from the current levels. Fed may hike rates at least twice this year if not thrice resulting in further strengthening of dollar and bond yields moving up.
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