Emerging-market currencies may see further declines after the Federal Reserve signaled interest-rate hikes could be more aggressive than expected, eroding the allure of riskier assets.
MSCI Inc.’s gauge of developing currencies slipped 0.3%, its biggest drop in three weeks, after earlier dropping as much as 0.4%. The 10-year Treasury yield briefly topped 1.75%, approaching its 2021 high during early U.S. day trading.
