Dollar-positive factors may run out of steam in 2019, says Rabobank

Last week’s Apec meetings indicated it is too early to assume a breakthrough is near in US-China trade wars

Greenback hope: slowing Chinese growth will undermine risk appetite, which could support the dollar

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Dollar-positive factors are likely to run out of steam next year, as growth in the US slows and the Federal Reserve’s rate-hiking cycle peaks, but pressure on emerging market (EM) assets is likely to remain if trade tensions between China and the US intensify, says Jane Foley, head of FX strategy at Rabobank.

“Slowing US growth, a plateauing of Fed interest rates and the likelihood that investors will be paying

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