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Investment Weekly

US Dollar and EM Assets
01 November 2024

    Chart of the week – US Dollar and EM Assets

    Chart of the week – US Dollar and EM Assets

    The stronger US dollar has put emerging market assets under pressure recently. But will this continue? We think macroeconomic trends of ongoing disinflation, Fed cuts and the likelihood of softer US growth in 2025 remain consistent with lower bond yields and a weaker USD – which should be good news for EM investors.

    More from this week:

    Market Spotlight

    • Capital markets outlook

    Lens on…

    • Fed takes it slow
    • Budget ambitions
    • US stocks as a haven

    Download the full report PDF, 2.88MB