0750 GMT - The U.S. dollar has had its worst first-half of any year since 1973, which is good news for India and other emerging-market assets, says Harsh Gupta Madhusudan at Ionic Asset by Angel One. "And 1973 is when currencies started floating. So effectively the worst half year ever," the fund manager writes in a note. A weaker USD tends to be good for EMs, attracting more foreign capital inflows and easing debt burdens. While nothing goes in a straight line up or down, Gupta thinks there is likely to be much more cyclical dollar weakness in the coming years, which will have a direct impact on Indian growth and risk assets--along with EM and non-U.S. assets more broadly--and a positive one at that, he adds.(fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

July 01, 2025 03:50 ET (07:50 GMT)

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