Newsletter August 2017
INTERNATIONAL UPDATE - WEAK DOLLAR HELPS EMERGING COUNTRIES
Global economic growth continues to recover slowly, with central banks in Europe and Asia starting to curtail monetary stimulus. Such actions are slowly lifting interest rates internationally.
A weakening dollar is providing a boost for U.S. multinationals, commodity prices, and emerging markets. Emerging market countries owing debt benefit because debt denominated in U.S. dollars has become less costly to repay. Emerging market equities and debt rose in July as a result of a weakening dollar.
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The euro rose against the dollar, as rates rose slightly in Europe and confidence in monetary policy enacted by the ECB would have a positive impact.
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Sources: ECB, Eurostat, Reuters