2017 seen as Asian markets' year of the dollar crunch
Lending spreads, domestic demand and resolve of central banks to be tested
Thu, Dec 01, 2016 - 5:50 AM
A tighter US trade position with the region would shrink the pool of dollars floating overseas and make it harder for emerging markets to settle cross-border trade and service hard-currency debts.
FOR Asian markets, 2017 could be the year of the dollar crunch.
Foreign portfolio flows have taken a sharp downturn since Donald Trump's election victory, with US$15 billion fleeing Asian bonds and stocks this month alone - close to 30 per cent of year-to-date inflows to the...