Skip to content
Subscriber Only

Trade Wars Bite as Emerging Currencies Decline to 10-Month Low

  • U.S. deadline for tariffs on July 6; Fed minutes a day earlier
  • ‘Advisable to remain cautious for a while,’ Manulife says
Bloomberg business news
Mexicans Go to Polls With Leftist on Brink of Victory
Updated on

With a trade kerfuffle bruising investors, assets across emerging markets started the week with more declines.

Mexico’s peso reversed early gains to weaken 1.1 percent against the dollar by 3:11 p.m. in London after 64-year-old leftist Andres Manuel Lopez Obrador’s landslide election victory, according to the earliest figures announced by officials. The zloty, rand, lira and yuan also fell as the Bloomberg Dollar Spot Index rose 0.6 percent.