Emerging Asset Price Swings Widen as Investors Weigh Stimulus
- Mexican peso weakens as poll shows Donald Trump ahead in Ohio
- Gauge of currency volatility at highest level since late June
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Price swings in emerging-market currencies and stocks widened as investors assess global central bank policies supportive of risky assets before a key Federal Reserve meeting next week.
The JPMorgan Emerging Market Volatility Index, a measure of price fluctuations in currencies, is hovering around 11 percent, up from a one-year low of 2.8 percent in late July. Thirty-day historical volatility in MSCI Inc.’s developing-nation equity benchmark has risen to 14 percent after touching the lowest level this year on Aug. 19.