Reported 3 months ago
Emerging market currencies fell as the US dollar strengthened, especially in Latin America, where the Mexican peso hit a one-month low. Despite this, stocks gained, led by Asian tech firms, ahead of significant central bank decisions and economic data releases. Analysts anticipate a possible hold in US rates with indications of future cuts, while geopolitical tensions in Venezuela and currency adjustments in Ethiopia added to the market dynamics.
Source: YAHOO