A man walks past an advertisement promoting exchange services for China's yuan, the US dollar and the euro at a foreign exchange shop in Hong Kong. Photo: Reuters

Emerging markets bounce back but will a hawkish Fed inflict more pain before long?

Nicholas Spiro says the sudden slide in the US dollar has eased the pressure on emerging markets, ending a lengthy losing streak, but it might not take much for the greenback to rise again

Topic |   Macroscope

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A man walks past an advertisement promoting exchange services for China's yuan, the US dollar and the euro at a foreign exchange shop in Hong Kong. Photo: Reuters
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