Reported 19 days ago
Emerging markets experienced significant declines following Donald Trump's victory in the presidential race, which saw the US dollar and yields surge. Currencies in Eastern Europe faced the steepest losses, while the Mexican peso showed volatility. Traders are uncertain about the implications of a second Trump presidency, particularly regarding trade tariffs and immigration policies, which could elevate US borrowing costs, harm emerging economies, and create further volatility in currency markets.
Source: YAHOO