# Why the falling US dollar is igniting a massive emerging market supercycle

Page: https://stenobird.com/podcast/australian-investors-podcast-594967/why-the-falling-us-dollar-is-igniting-a-massive-emerging-market-supercycle
Text version: https://stenobird.com/podcast/australian-investors-podcast-594967/why-the-falling-us-dollar-is-igniting-a-massive-emerging-market-supercycle.md
Podcast: [Australian Investors Podcast](https://stenobird.com/podcast/australian-investors-podcast-594967)
Published: 2026-04-14T21:00:00+00:00
Episode link: https://www.raskmedia.com.au/podcasts/australian-investors-podcast/
Audio file: https://traffic.megaphone.fm/RRKKR5913607531.mp3?updated=1774484904
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JSON: https://stenobird.com/v1/public/podcasts/australian-investors-podcast-594967/episodes/why-the-falling-us-dollar-is-igniting-a-massive-emerging-market-supercycle
Duration seconds: 2504

## Resource

2025 was a record-breaking year for Emerging Markets, seeing the largest capital inflows in over a decade. But is this a short-term flight from the US dollar, or the beginning of a structural "EM Supercycle"? In this episode, we sit down with Malcolm Dorson (Senior PM & Head of EM Strategy) and Billy Leung (Equity Research Analyst) from Global X to dissect the two engines of global growth: India and China. We explore why the "uninvestable" tag is fading from China, how India is carving a unique path through its landmark 2026 Free Trade Agreement with Europe, and why a 1% drop in the US dollar could be the most important signal for your portfolio. In this episode we cover: The Great EM Rotation The "February Surge": Breaking down why we just saw the largest inflows into EM in 11 years. Is it "choice" or a "flight from the US"? Early Innings: Exploring Global X’s thesis on whether we are at the start of a multi-year Emerging Market cycle. The 3.1% Rule: The Dollar & EM The Inverse Relationship: Understanding the mechanics of why EM equities historically rise 3.1% for every 1% drop in the US dollar. Currency Risk: How to manage FX volatility when investing in volatile regions. China: From "Uninvestable" to Rebirth The Sentiment Shift: Looking back at the regulatory hurdles of previous years and what has changed to bring institutional capital back to Beijing. AI & Tech: How China’s push for "tech self-reliance" and the rise of local LLMs (like the DeepSeek breakthrough in early 2026) are changing the narrative. India: The World’s New Growth Engine The India-EU FTA: The implications of the "Mother of All Deals" signed in January 2026 and how it positions India as the premier "China Plus One" beneficiary. Demographics vs. Policy: Is India simply where China was 20 years ago,…

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