archiveEmerging-market currencies

(Bloomberg) -- Emerging-market currencies are on track for a modest weekly gain, as the absence of US data during the government shutdown damped volatility and clouded investors’ reading of the Federal Reserve’s policy path.  The MSCI Inc. gauge for developing-nation currencies was little changed as of 1:40 p.m. in New York, with most exchange rates trading in narrow ranges. Turkey’s lira lagged peers even after the country’s inflation data came in above expectations. A sister index for equities rose 0.4% as investor optimism over artificial intelligence propelled tech shares. Markets...

(Bloomberg) -- The gauge for emerging-market currencies and stocks declined, posting the worst week since August 1 as traders assess the Federal Reserve’s interest-rate-cut outlook and US President Donald Trump’s latest round of tariffs. MSCI’s EM currency index slipped 0.2%, a seventh straight session of losses. A similar gauge tracking developing-nation stocks slumped 1.4% on Friday. Risk appetite for emerging-market assets took a hit this week as mixed signals from Fed officials and stronger-than-expected US economy data clouded the outlook for the future pace of rate cuts. A Bloomberg spot...