Emerging Markets Get Goldilocks Feel as Risk-Buying Returns
- MSCI currency index rises to highest level since July 2018
- Indonesian rupiah surges as bellwether for Asian optimism
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The year may be little more than a week old, but emerging markets are already feeling good about 2019.
Developing-nation assets jumped anew on Monday as traders took their cue from China’s move last week to release more cash into the financial system and speculation that the Federal Reserve will pause interest-rate increases this year.