Economic recovery makes it an attractive pick
Draghi's phrase remains yardstick for monetary policy
Chinese stocks can climb higher
We believe the move of US dollar/Chinese renminbi above seven during early August is symbolic, and the country has explained it is in response to the US-imposed tariffs on Chinese goods.
Which asset classes will benefit?
In 2018, emerging markets experienced a risk-off period, taking a hit from a combination of rising US interest rates, dollar appreciation and major political tensions pitting the US against China, Russia and Turkey.