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

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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. Emerging-market policymakers have breathed a sigh of relief in the past few weeks. Having just suffered their longest sell-off since the global financial crisis – data from Bloomberg shows the price declines in the stocks, currencies and foreign currency bonds of developing economies have lasted longer than the seven previous major sell-offs since 2008, measured by the number of days from peak to trough – emerging markets have rebounded this month…

Read more : SCMP, 27.09.2018