Emerging Currencies Drop as Ambiguity on Fed Timing Hurts Stocks

Updated on
  • Bomb attack in Turkey pushes lira to its all-time low
  • Mexico's equity index rises as Brazil closed for holiday

Emerging-market currencies weakened to an all-time low and stocks fell as investors grappled with the prospect of higher U.S. interest rates. Malaysia’s ringgit tumbled to a 17-year low and a bomb attack in Turkey sent the lira plunging to a record.

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