Reported 2 days ago
Emerging market currencies experienced significant gains as the US dollar plunged following President Trump's tariff announcements, while stock markets, particularly in Asia, faced sharp declines. The MSCI index for emerging-market currencies rose 0.1%, and the Mexican peso gained due to tariff exemptions. However, Asian markets suffered as tariffs increased, with notable impacts on Chinese and Thai currencies and stocks. Concerns about global trade disruptions and potential retaliatory measures from affected countries heightened, affecting investor sentiment.
Source: YAHOO