Emerging-Market Currencies Rise Amid Trump’s Remarks on Dollar
- President-elect said the U.S. currency is already ‘too strong’
- Standard Bank sees international investors returning to rand
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Emerging-market currencies and stocks advanced as the U.S. dollar slumped after President-elect Donald Trump said the currency is “too strong.”
A gauge of developing-nation currencies reversed Monday’s slide led by the South African rand, the Polish zloty and Hungary’s forint. Brazil’s real got an additional boost as the central bank acted to support the currency.