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Currencies

FX steady, stocks higher as markets await trade progress, rate decisions

Interest rate decisions in Hungary, Turkey, others this week Markets watching tariffs, Philippine president to meet Trump Singapore stocks hit record high for 14th session MSCI EM FX down 0.1%, stocks up 0.2% July 21 (Reuters) - Most emerging market currencies steadied while stocks were mixed on Monday as investors awaited trade developments in the U.S. and central bank decisions in emerging Europe. Markets took a breather after a week packed with concerns over trade tariffs impacting U.S. inflation and worries over the Federal Reserve's independence as President Donald Trump...
Currencies

Major Currencies Tumble Amid Rising Dollar

Global currencies experienced significant declines on Wednesday as the U.S. dollar soared, spurred by the detention of President Erdogan's main political opponent in Turkey. This geopolitical move unsettled investors and sent the Turkish lira to unprecedented lows, prompting a noticeable shift towards safer assets.The ensuing drop in Turkey's lira reverberated through financial markets, impacting major currencies and spurring capital flows into the dollar. The euro, yen, and other currencies saw declines, while investors kept a close eye on the Federal Reserve's impending decision regarding interest rates.Market analysts, including Michael...