A confluence of factors has us thinking that the US dollar could weaken this year. That is, of course, if the recent flare up in US-Iran tensions dissipates enough to prevent full-blown military action in the Middle East. The prospect of a weaker dollar creates an interesting opportunity for asset allocators with an eye on emerging markets. Aside from the dollar effect, emerging markets are at a rare inflection point these days, with multiple crosscurrents in their favor.
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