ABN Amro: stronger dollar may pressure EM currencies
Brazil could be particularly vulnerable to a rise in US yields, while the renminbi may see a gradual move lower
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The dollar could recover some of its shine this year, as attention once again turns to the Federal Reserve and the pace of its tightening cycle, which in turn could pressure some emerging market (EM) currencies, says Georgette Boele, a senior foreign exchange strategist at ABN Amro.
“Unlike last year, we expect the focus this year to be more on the Fed than the European Central Bank,” says Boele. “This shift in focus will have a more supportive impact on the
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