Beyond the Greenback: How USD Confidence Is Costing American Traders in Emerging Markets
American traders who anchor their worldview to the dollar's structural strength often enter emerging market positions without adequately pricing in currency risk. When exchange rate dislocations occur — and they will — the consequences can erase months of carefully constructed gains in a matter of days. This analysis examines the blind spots, the historical precedents, and the frameworks that disciplined traders use to stay ahead of the repricing.