It is finally happening. After a few false starts in recent years, the greenback is embarking on a relentless climb. This is bound to rattle markets.
Major swings in exchange rates force investors to reassess their positions, not just tactically but strategically. Global finance is thus in for a turbulent time. Even the U.S. Federal Reserve has expressed worries. But not everyone is equally vulnerable: Emerging Asia should withstand the shift better than most. While the region has its share of challenges, a stronger dollar is not the main one.
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