The dollar stomped emerging market currencies down further on Friday, and that's not going to end anytime soon, analysts said.
The greenback has been on a tear since Donald Trump clinched a surprise victory in the U.S. presidential election. Hopes of an aggressive fiscal stimulus plan under the Trump administration has fuelled expectations of inflation and pushed up bond yields, boosting demand for the dollar.
"This is a dollar environment," Mitul Kotecha, head of Asia foreign-exchange and rates strategy at Barclays, told CNBC's "Street Signs" on Friday.
"It's difficult to argue against the dollar when you're going to see U.S. growth outperform as well, probably ultimately towards the end of next year," he said.
Kotecha expected the dollar index, which measures the greenback against a basket of currencies, would rise several percent more near term.
The dollar index jumped to as high as 101.32 in Asia trade on Friday, an at least five-year high, according to Reuters data. That's up from levels below 97 in the days leading up to Trump's win.