Reported 1 day ago
A gauge for emerging-market currencies increased as President Trump extended a tariff deadline for the European Union, which boosted risk appetite in thin trading conditions due to holidays in the US and UK. The MSCI gauge for EM FX hit a record high of 0.4%, while the dollar hovered near a two-year low. Despite mixed outcomes in developing-nation currencies, analysts noted that the weakening dollar supports emerging markets. South Korea’s stocks notably rose, contrasting with overall declines in broader equity indices.
Source: YAHOO