By Paul Diggle, Economist — Investment Solutions, Aberdeen
Which emerging markets (EMs) are most at risk from a strong US dollar? The simple answer is those that are highly indebted, are commodity dependent and have inflation problems. Russia, Brazil, Malaysia and Turkey are among the most vulnerable on these measures, although comparisons with the 1990s EM crisis appear overdone. In contrast, China, India and Mexico are all better placed to weather any further dollar strengthening.
