Global stocks sold off sharply on Friday, with Asia's Kospi and Hang Seng indexes down over 4 percent, as concerns about contagion from Dubai's debt crisis curb investors' appetite for riskier assets.
Experts told CNBC the dollar should get a short-term boost from the news but that the crisis can be contained.
Dubai Debt Will Have Short-Term Impact
Debt concerns in Dubai will have a short-term impact, says Arjuna Mahendran, managing director and head of investment strategy Asia at HSBC Private Bank.
Dubai's Debt Woes Merely "A Blip"
Dubai's debt problems are merely "a blip", says Arjuna Mahendran, managing director and head of investment strategy Asia at HSBC Private Bank.
Dubai Crisis Fallout Can Be Contained
The fallout from Dubai's debt crisis can be contained within the region, says Stuart Bennett, senior European economist at Calyon.
Impact of Dubai Debt on Currencies
The euro will not get hit as hard as the world thinks, says Scott Morrison, managing director of Tech Wizard. He speaks to CNBC about the impact of Dubai's debt concerns on currencies.
Dollar Strength is Short-Term
Expect short-term strength in the dollar, says Rob Rennie, currency strategist at Westpac Bank. He tells CNBC that this is a good sell opportunity.
Dubai's Debt Woes