: A Benjamin Franklin U.S. 100-dollar banknote and a Chinese 100-yuan banknote depicting late Chinese chairman Mao Zedong are seen in a picture illustration taken January 21, 2016
SINGAPORE: The dollar is set to rise out of its current trading range as America’s tariff dispute with China takes a turn for the worse.
That’s according to fund managers who reckon markets are underestimating the risk of a prolonged trade war, which will reinvigorate a hunt for haven assets in a world already hampered by slowing growth. An easy trade will be to short the expected losers: risk-sensitive emerging market currencies from Asia to South America.
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