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Dollar to surge afresh in '16; EM currencies to crumble: JP Morgan

Bank's report highlights the acute risks faced by the US Fed as the time for the expected rate hikes nears
Thursday, November 26, 2015 - 05:50
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The US dollar is likely to enjoy a further surge in value next year, especially against crumbling emerging-market currencies, investment bank JP Morgan predicted in a report on Wednesday.

Tokyo

THE US dollar is likely to enjoy a further surge in value next year, especially against crumbling emerging-market currencies, investment bank JP Morgan predicted in a report on Wednesday.

The leading Wall Street institution also forecast further falls in the value of the

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