Emerging-Market Currencies on Brink of Erasing 2023 Gains

The video discusses the impact of monetary easing and elevated US yields on emerging market currencies (EMFX), predicting a decline due to dollar strength. It highlights concerns over China's economy and rising oil prices, which contribute to a positive dollar sentiment. The repercussions on trade are examined, with a focus on Asia, where countries like Korea and Taiwan, heavily reliant on exports, are most affected. In contrast, more domestically driven economies like Indonesia may fare better.

Which countries are likely to be the biggest losers in trade due to the current economic conditions?

In what ways might domestically focused economies fare better than export-driven economies in the current climate?