Emerging market stocks and currencies were set to close Wednesday with their biggest monthly declines in a year, as signs that a U.S. economic rebound would outpace other developed markets lifted demand for the dollar and U.S. equities. The MSCI index of emerging market currencies was up about 0.1% by 0800 GMT, but was still on track to end the month down about 1.1%, its biggest percentage decline since the coronavirus-driven crash in March last year. High-yielding currencies in the region have come under pressure from a rising dollar, as strong U.S. macroeconomic data and inflation concerns have pushed bond yields to one-year highs.
EMERGING MARKETS-FX, stocks set for worst month in a year as higher bond yields lift dlr
2021-03-31T09:26:59-04:00March 31st, 2021|
Related Posts
-
Currencies Miss Emerging-Market Rebound Led by Reform Stories
March 28th, 2024 -
Tesla’s $350 Billion Stock Slump Shreds Investor Expectations
March 28th, 2024 -
Stock market holidays in 2024: US markets are closed on these days
March 28th, 2024