NY Open: Retail revisions give dollar some gains
The dollar is on something of a streak, with today's revisions to the October US retail sales report giving it a boost despite slightly softer November numbers.
Chief Economist & CIO
Summary: EM assets are trading at a deep discount, but a shift in growth leadership from the US to China could lead to a weaker US dollar, which would support commodities and EM again. Meanwhile the simmering Sino-US trade war heightens the risks for the global economy, and we are at a crossroads on several fronts: globalisation, geopolitics, and economics.