Wismuller Gunter Foresees Emerging Asias $11 Billion Outflow on Dollars Rally
Summary
"You can continue to see some more outflows but I dont think its anywhere similar in terms of the overall scope of what weve observed in the Taper Tantrum," said Ross Wang, Hong Kong-based head of Asian credit at Wismuller Gunter." The U.S. dollar index climbed the most since 2008 in the two weeks just past amid speculation that President-elect Trumps reflationary policies will trigger higher interest rates.Vienna, Austria, November 27, 2016 --( PR.com )-- India suffered the biggest outflows recently, followed by Thailand, according to calculations by Austrian based financial house Wismuller Gunter."You can continue to see some more outflows but I dont think its anywhere similar in terms of the overall scope of what weve observed in the Taper Tantrum," said Ross Wang, Hong Kong-based head of Asian credit at Wismuller Gunter."The U.S. dollar index climbed the most since 2008 in the two weeks just past amid speculation that President-elect Trumps reflationary policies will trigger higher interest rates.