Dollar nearing peak but oil remains a headwind: Morgan Stanley's Garner

In a Q&A, the Asia and emerging market equity strategist at Morgan Stanley says India is losing out to other EMs on metrics such as dividend yield and valuations

Morgan Stanley forecasts oil price to move beyond $90 a barrel. Jonathan Garner, the chief Asia and emerging market (EM) equity strategist at Morgan Stanley, tells Jash Kriplani the dollar could be nearing its peak but oil remains a headwind for India and that the country loses out to other EMs on metrics such as dividend yield and valuations. Edited excerpts: 

Your global strategy mid-year outlook is titled 'The End of Easy'. Can you explain what exactly you mean by this?

Central bank policy dynamics are changing significantly, globally. We are entering a period where the US Fed is trying