2017: year of the dollar and high-yielding EM currencies

Expensive valuations and low yields make some Asian currencies unattractive investments

Bull and bear
Dollar bulls: "Potential for fiscal stimulus, tax cuts and corporate earnings repatriation" – Alessio de Longis

A Donald Trump presidency could reproduce a policy divergence last seen during the Ronald Reagan administration, and the dollar is likely to be very sensitive to expectations about fiscal policy and its interaction with monetary policy, says Alessio de Longis, a portfolio manager in the global multi-asset group at OppenheimerFunds.

"The potential for fiscal stimulus, tax cuts and corporate earnings repatriation will play a critical role for the US dollar in 2017," he says. As a result, the main

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