Emerging markets and the US dollar are inversely correlated. The US dollar helps drive emerging market performance in part because commodities and commodities are major exports in the developing world. When the dollar strengthens, commodities become more expensive in dollar terms, thus less demand and when the dollar weakens, commodities become less expensive in dollar terms, thus more demand.
With US interest rates now on hold, logically the dollar should fall in price in 2019. And because China accounts for about a quarter of the ETF, EEM and trade deal between the US and China should only cause the EEM to
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