2015: The year of the dollar’s reign and emerging market pain

The Dollar has been undoubtedly powerful in 2015, with an all year anticipation of raise in rates which was eventually delivered last week by the Federal Reserve, the emerging markets such as the metals and oils were the big losers.

The dollar index, which is a measure of the dollar against its currency rivals, rose about 9% this year after a near 13% gain in 2014. Most of the move occurred early in the year, during the preparation of the ECB to begin a money-printing program. Four percent occurred in September, when it became clear the Fed were going to raise rates.

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Meanwhile, the oil price is headed for a 35% fall for the year, having fallen last year too, it began to slide in May, when the concerns about resource-hungry China’s slowdown began to be pressing.

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