Investors are flocking to the United States, a move that's causing real pain in some emerging markets. Money flows into the United States have affected stock markets too. Swedish bank SEB said that its emerging market index has dropped by about 10% since January. "The US dollar rally has triggered an emerging market sell off in all regions," said currency strategists at Bank of America Merrill Lynch. "We don't see a disorderly adjustment," he said, noting that many global emerging markets are in a stronger position than they were five years ago.

Source: CNN May 04, 2018 16:30 UTC