How Weak Dollar Is Reshaping Emerging Market Alpha

The dollar index is below 100 for the first time since early 2023, and emerging market currencies like the Korean won are surging — the Kospi-linked EWY ETF jumped 6.4% in the past week alone. Lucas and Luna break down how the dollar's slide is creating a new regime for EM FX investing, where alpha is shifting from macro calls to country-specific stories like Taiwan's semiconductor exports and Mexico's nearshoring boom. They discuss why the trade-weighted dollar index tells a different story than spot pairs, and what the ECB's surprise hike means for the euro-dollar tug-of-war. If you're wondering whether the EM rally has legs or if it's just a dollar story, this episode gives you the framework to decide. #DollarIndex #EmergingMarkets #KoreanWon #CurrencyInvesting #FXMarkets #ECBHike #EuroDollar #EWZ #EWY #Nearshoring #TaiwanSemiconductors #TradeWeightedDollar #Alpha #Macro #Economics #FexingoBusiness #BusinessPodcast #CurrencyConversations Keep every episode free: buymeacoffee.com/fexingo