Dollar-plagued world now has another currency to worry about

Section:

By Sid Verma
Bloomberg News
Thursday, May 10, 2018

Winds of change in currency markets threaten to blow global investment trends further off course -- but from the East as much as the West.

While investors have been focused on a strengthening U.S. dollar and rising Treasury yields, a weaker Chinese yuan also threatens to heap pressure on emerging market assets that have already wiped out their gains for the year.

That's because a pause in the yuan’s appreciation path would challenge a clutch of developing economies by hitting their trade competitiveness against China, according to Morgan Stanley. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2018-05-10/the-dollar-plagued-wo...



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