US dollar could afford to stave off the devaluation?
7) As for smaller emerging and developing markets such as Singapore, Malaysia, Thailand, Indonesia, HK - they will be forced to follow suit on any US/China rate increases.
However, their stockmarkets would have a better chance of rising further after having recovered from 97/98 financial implosion.
A substantial correction in US dollar would spell a temporary end to their bull runs as investors would then be able to lock up gains and cash out.
Is there any way the US dollar could afford to stave off the devaluation?
Not this time as every single asset class seems to be ganging up to push the dollar lower.
How many more rate increases can the Fed make to support the dollar without derailing the US domestic economy?
2007-09-27
Global Rising Rates Repercussions (7)
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