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Dollar-plagued world now has another currency to worry about
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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