King Dollar Is a Death Knell for Emerging Markets
Using the Fed’s broad real trade-weighted dollar index (my favorite FX metric, much better than DXY), the dollar hit an all-time high in March 1985 (128.4) and hit an all-time low in July 2011 (80.3). Right now, the index is 95.2, slightly below the middle of the 35-year range. But what matters most to trading