Will a strong dollar hurt emerging markets again?

“A resumption of construction work for the East Coast Rail Link, Light Rail Transit 3 and other mega projects should pull productivity growth back up, starting from the third quarter this year,’’ said Pong Teng Siew, head of research, Inter-Pacific Securities.

THE US dollar continues to strengthen despite the U-turn in the tone of the currently dovish Federal Reserve.

Will this derail the rebound in emerging markets (EMs) which were battered last year as the Fed raised interest rates aggressively?