Emerging Currencies Advance, Stocks Fluctuate on Fed Rate Bets

  • Shanghai Composite Index drops the most in three weeks
  • Russia's ruble posts biggest gain this month as oil rises

Emerging-market currencies advanced and stocks slipped in volatile trading as investors weighed the potential for an increase this week in the near-zero U.S. interest rates that have propped up demand for riskier assets in developing nations.

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