Morgan Stanley on ‘bad’ and ‘good’ US dollar rallies
When the USD rallies against EM,global economic costs tend to be high, as opposed to a ‘good’ rally where the USD rallies against low-yielding currencies such as the EUR and JPY.
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Morgan Stanley on ‘bad’ and ‘good’ US dollar rallies
When the USD rallies against EM,global economic costs tend to be high, as opposed to a ‘good’ rally where the USD rallies against low-yielding currencies such as the EUR and JPY.