Emerging markets usually do better when Treasury yields are dropping along with the dollar. Which may help explain why emerging markets were among the world’s strongest stocks this week. The red daily bars in the first chart show Emerging Markets iShares (EEM) ending the week at a new four-month high. It’s also trying to clear its 200-day average. The rising green line is the WisdomTree Emerging Markets Currency Fund (CEW). It started rising with the EEM in mid-March. That suggests that a weaker U.S.