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US dollar stays strong; emerging markets no longer weaken automatically with dollar gains.

Market News
29 Jun 2026
Seeking Alpha
View Source
Neutral
pluang ai news

The US dollar remains a safe haven and has reached a one-year high, but a stronger dollar no longer means broad weakness in emerging markets. Despite a global equity retreat led by chip and memory stocks, this does not reflect the ongoing revenue growth from AI developments. The upcoming US payroll report will be closely watched as the Federal Reserve's hawkish stance raises expectations for a rate hike later this year, influencing market dynamics.

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