"The dominant factor influencing markets is the sustained rise in the dollar which has gained momentum during the last one month. Dollar has appreciated 5 per cent since early June and 13 per cent so far in 2022. If this trend sustains, it is bad news for EM equity. But now it appears that this 'flight to dollar safety' is a bit overdone and due for some correction," said Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
