Currencies
Brazilian Real Leads Emerging FX Lower Amid Greenback’s Comeback
- Indonesia, South Korea and UAE tap global bond markets
- Asia FX gains as high-yielders lose, reversing Monday’s move
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Emerging-market currencies resumed their free-fall with traders flocking to dollars despite weak economic data from the US.
The Mexican peso and Brazilian real led the currency gauge lower, extending losses after a lower-than-anticipated print for consumer confidence in the US. Amid Tuesday’s currency weakness, a string of developing nations from South Korea to Dominican Republic and Lithuania are tapping global bond markets as US Treasury volatility abates.