Economics
Emerging-Market Currencies Ride Out Fed Hike, Trade-Row Escalation
- MSCI’s EM FX index advanced for the first month since March
- Argentine peso worst EM performer after central bank head quit
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Emerging-market currencies rounded off a winning month, defying the prospect of further rate hikes by the Federal Reserve, as more developing-nation central banks deployed tighter monetary policies to backstop local markets.
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