Higher US yields a positive for EM assets – JP Morgan
Summary
By sueyangfx.com January 07, 2021 at 07:57AM JP Morgan head of Asia investment strategy, Alexander Wolf, says rising US yields should be seen as a positive for EM assets Expanding on the dollar weakness narrative, Wolf argues that the prospect […]
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January 07, 2021 at 07:57AM
JP Morgan head of Asia investment strategy, Alexander Wolf, says rising US yields should be seen as a positive for EM assets
Expanding on the dollar weakness narrative, Wolf argues that the prospect of additional US stimulus and further widening of the US current account should pin the greenback lower on depreciation pressure.