Emerging Markets Rebound as Investors Wait Await Fed Guidance
- Global yield hunt may continue after Yellen speech: Informa
- Colombia peso, Russian ruble strengthen as oil prices rise
Geopolitical Headwinds to Emerging Market Economies
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Emerging markets rebounded, with currencies advancing after their biggest decline in two months, as investors awaited clues on the timing of a U.S. interest-rate increase from a speech by Federal Reserve Chair Janet Yellen.
Colombia’s peso and the Russian ruble strengthened as oil prices rose. Swings in exchange rates have sent volatility for developing-nation currencies to the highest in almost two months. The MSCI Emerging Markets Index staged a comeback as equity benchmarks from Turkey to Russia and Taiwan advanced.