BNY Mellon's Akoner on Direction of the Dollar

Caroline Lolli, a market strategist at BNY Mellon, discusses the dollar's role as a global financial barometer, noting its appreciation and depreciation trends. She emphasizes the need for nuanced analysis of emerging markets, considering pandemic impact, fiscal space, and macro vulnerabilities. The US election is highlighted as a significant factor. Interest rate spreads and currency risks are explored, with a focus on local currency opportunities in Mexico and Russia. China's leading role in the global economic recovery is acknowledged, with optimism for its market's future.

What are the implications of a depreciating dollar against major currencies?

Why is it important to view emerging markets as individual countries rather than a monolith?

In what way is China influencing the global economic recovery?