Currencies

(Bloomberg) -- US policy volatility has sent money managers scouring the world for alternatives, propelling local bonds from emerging-market countries to their best first half in 16 years. The surge in demand for fixed-income assets in EM currencies is largely the flip side of sinking confidence in the US dollar, which has tumbled almost 11% this year. That’s its worst performance since the 1970s, and the losses are across the board, with the greenback falling against 19 of the 23 most-traded emerging-market currencies, and by at least 10% against 10...

Prime Minister Narendra Modi will land in Rio De Janeiro early Sunday (July 6, 2025) morning to attend the BRICS summit (July 6-7), along with leaders of the newly inducted members including Egypt, Ethiopia, UAE, Iran and Indonesia. All eyes will be on a Leaders’ Joint Statement, especially given India’s focus on terrorism after the Pahalgam attack and Operation Sindoor, as well as differences with new members over reforms in the UN Security Council , amid the absence of two key leaders, Russian President Vladimir Putin and Chinese President Xi...