Emerging Currencies Rise Most in Two Weeks in Fed Relief Rally

Updated on
  • South Korean won climbs to strongest level since October
  • Russian ruble, Mexican peso retreat as crude prices decline

What's the Appeal of Emerging-Market Currencies?

Emerging-market currencies rose the most in two weeks and bonds gained after the Federal Reserve signaled it’s in no rush to raise interest rates, ensuring that money will keep flowing to higher-yielding assets.

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