Trade Restrictions: Dollar Index and Ethan Harris

trade restrictions: But the one thing that strategists are agreed on for 2017 is that Donald Trump presidency will usher in a new era of dominance for the U.S. dollar that will have wide-ranging implications, according to Market Watch. Among the biggest casualties of the buck rise will be developing economies, which tend to be more sensitive to external shock. Foretelling the future is a daunting task. Ethan Harris, global economist at Bank of America Merrill Lynch, cautioned that emerging markets are vulnerable on two fronts capital outflows in response to higher rates in the U.S. and trade restrictions that will hurt economies that heavily depend on U.S. markets. Fact Set Caption outside of wrapper for normal article images The dollar index is rallying to levels not seen since 2002. The ICE U.S. Dollar index DXY, -0.03% a measure of the greenback performance against a basket of six rivals, has recently broken out of its narrow range to trade at the highest level since late 2002, Fact Set data show. (news.financializer.com). As reported in the news.