The rush of money going back to the US has strengthened the dollar, with the Dollar Index breaking out above the 100 level and is at its highest point since 2003. In dollar terms, MSCI Europe is down 5.9%, MSCI UK 6.2% and MSCI Germany fell 5.1% in November. The rise in bond yields has led to money going back to the US. The Dollar Index has broken out above the 100 level and is at its highest point since 2003. The demonetisation experiment has come at a bad time for the Indian markets, which have already been rocked by the Trump effect.

Source: Mint November 20, 2016 21:50 UTC