The dollar's grind higher lifts local-currency costs for EM corporate borrowers
The greenback does not need a crisis to cause one elsewhere. A slow rally is enough.
Elena VasquezSenior Markets Correspondent
Analytics dashboards on a monitor wall
NEW YORK — The greenback does not need a crisis to cause one elsewhere. A slow rally is enough.
Issuers in Mexico, Brazil, and Indonesia have been paying up to keep dollar liabilities from marking against weaker local cash flows, according to two ECM/DCM bankers.
Elena Vasquez
Senior Markets Correspondent
Covers Treasuries, the dollar, and the policy signals that reprice risk assets.