Morgan Stanley on ‘bad’ and ‘good’ US dollar rallies
When the USD rallies against EM,global economic costs tend to be high, as opposed to a ‘good’ rally where the USD rallies against low-yielding currencies such as the EUR and JPY.
Morgan Stanley on ‘bad’ and ‘good’ US dollar rallies
When the USD rallies against EM,global economic costs tend to be high, as opposed to a ‘good’ rally where the USD rallies against low-yielding currencies such as the EUR and JPY.