Mexican Peso Leads Emerging-Market Gains as Dollar Dips on Trump
- Mexico’s peso, Russia’s ruble among best-performing currencies
- Asian currencies may be pressured by Trump policies: HSBC
Does the U.S. Dollar Have Further to Fall?
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Emerging-market stocks and currencies headed for the highest levels in almost 11 weeks as U.S. President Donald Trump’s first days in office did little to buoy the dollar.
Mexico’s peso and Russia’s ruble led gains among developing nation currencies on the first full day of trading after Trump’s inauguration on Jan. 20. Egyptian and Saudi Arabian stocks were among the best performers in the equity market.