Emerging market currencies rose on Thursday as the dollar and treasury yields retreated on dovish signals from the Federal Reserve, with U.S. monetary policy set to stay loose for the time being. South Africa’s rand rose 0.3%, according to data from Yahoo Finance. The currency’s relatively higher yield has helped it strengthen despite a weakening South African economy.
EMERGING MARKETS-EMEA FX gains as dovish Fed eases dollar pressure
2021-04-08T09:15:59-04:00April 8th, 2021|