Emerging-Market Stocks Rebound as Oil Advance Eases Fed Concern

  • MSCI index rises first time in 10 days as all industries climb
  • Currencies gain as dollar retreats before expected Fed liftoff

Why a Fed Rate Hike May Lead to a Weaker Dollar

Emerging-market stocks rebounded from a six-year low and currencies gained as oil ended a seven-day slump and speculation mounted that the dollar’s gains this year leave it vulnerable to a short-term selloff if the Federal Reserve raises interest rates.

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