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Emerging-Market Assets Snap Three-Day Drop on US Tariff Relief

(Bloomberg) -- Emerging-market equities and currencies snapped three days of declines on Monday as President Donald Trump signaled certain nations will receive breaks from next week’s reciprocal tariffs, boosting risk appetite across the region. Most Read from Bloomberg The MSCI emerging-market equity index rose 0.4%, driven by gains in Hong Kong-traded technology bluechips. Developing-world currencies, meanwhile, traded mixed, with the broad gauge up less than 0.1%. The Mexican peso led gains amid easing tariff pressures from the world’s largest economy. Trump’s upcoming tariff announcement on April 2 is poised to...
Currencies

Asian Currencies Face Growing Risks With Trump China Tariffs

(Bloomberg) -- The outlook for emerging Asian currencies is worsening again after US President Donald Trump announced new tariffs on China, curbing optimism that his threats were mainly bargaining ploys. Most Read from Bloomberg Regional currencies have tumbled over the past week, with the Thai baht and South Korean won both sliding about 2%, as rising fears over a global trade war sapped risk appetite. Asian currencies have also unwound part of their January rally as a number of central banks in the region cut interest rates to support growth....
Currencies

Currencies of Trump’s Tariff Targets Slump With Levies Looming

(Bloomberg) -- The Canadian dollar and Mexican peso slumped after President Donald Trump affirmed the launch of 25% tariffs on products from both nations beginning Tuesday, the latest in a string of trade announcements from the administration that have buffeted investors in the $7.5 trillion-a-day foreign-exchange market. Most Read from Bloomberg The loonie dropped as much as 0.6% to 1.4542 and the peso slid 0.9% to 20.75 against the US dollar on Monday, touching the weakest levels since Trump’s previous tariff deadline — for early February — caused traders to...
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