7/15/2013

The U.S. dollar stands a good chance of gaining further against emerging-market currencies after the Federal Reserve starts scaling back bond buying and allows bond yield to rise, according to The Economist. "As long as bond yields were low in America, rich-world investors were happy to buy emerging-market bonds," the magazine notes. "But such capital will be a lot harder to secure from America as quantitative easing comes to an end."

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