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...

Hungary's government slashes growth forecast IMF to update its World Economic Outlook MSCI EM FX, stocks indexes off 0.3% each By Purvi Agarwal and Ankita Yadav July 29 - Most emerging market currencies fell against a stronger dollar on Tuesday while stocks were mixed as investors awaited a slate of upcoming economic data, while the U.S. tariff deadline drew closer. MSCI's gauge tracking emerging market currencies fell 0.3% to its lowest level since late June, in a third session of declines. The dollar index rose 0.2%, hovering near its five-week...

(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...

Analysts at JPMorgan Chase are reportedly doubling down on emerging market currencies as the US dollar struggles its way through 2025. In an analysis published last week, the financial giant’s strategists gave emerging market currencies an overweight recommendation and predicted the market wouldn’t panic over the Israel/Iran conflict, Bloomberg reports. “The next few days will be critical to this, but we would think there is a higher bar for markets to panic.” The recommendation is the opposite of what the investment bank’s strategists predicted earlier this year. Following President Donald...