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"But the dollar gains were less because we were working with a lower base," he wrote.
WHERE TO STAY Tbilisi is cheaper than most European capitals, especially as the dollar gains strength.
But analysts said further dollar gains should be limited ahead of the European Central Bank policy announcement on Thursday.
By contrast, a portfolio of foreign stocks that is not hedged will benefit when the dollar weakens and will be hurt when the dollar gains.
Even some developed markets posted dollar gains that exceeded the American markets' 26.8percentt gain, as measured by Morgan Stanley Capital International's country stock indexes.
DOLLAR GAINS -- The dollar contined to bounce back against the euro, though analysts warned that mixed economic data would not give a lasting boost.
Similar(38)
The Australian dollar gained 2.3%.
The dollar gained against most European currencies.
The dollar gained 0.5 percent to 78.48 yen.
The dollar gained versus other major currencies.
The dollar gained against other major currencies.
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