Emerging Assets Drop With Commodities as Fed Rate Bets Increase

  • Brazil real drops as Rousseff impeachment speculation fades
  • MSCI developing-nation stock benchmark slips from 2016 high

Emerging-market currencies weakened for a second day and stocks fell from this year’s high as slumping commodity prices weighed on assets of exporters and increasing wagers that the Federal Reserve will raise U.S. interest rates as soon as the next quarter damped demand for risk.

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