A relentless surge in the dollar had sucked out all the capital from the equity markets. Asian stocks advanced on Friday as the Thanksgiving break in the United States helped slow a relentless surge in the dollar that has sucked capital out of most emerging markets. Emerging market stocks broadly have also taken a hit, with the MSCI Emerging Markets index down 0.4% on Friday. The dollar index, which tracks the greenback against a basket of six major global peers, was steady at 101.68 on Friday, down from its Thursday peak of 102.05, the highest level since March 2003. The dollar index has risen 0.5% this week, and almost 4% since November 8.

Source: dna November 25, 2016 03:55 UTC