EM Currencies Post Second Day of Losses On Stronger Dollar, Oil
- Equity index is down for a second day ahead of earnings cues
- Mexican peso trimmed gains as senators joined ruling coalition
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Emerging-market currencies were down for a second day on Wednesday, as the dollar rebounded and Latin American markets got hit by commodity prices and political noise.
MCSI Inc.’s emerging-market currencies index posted a second day of losses, with most currencies down for the day. Among exceptions was the Mexican peso, which trimmed an earlier rally after two opposition senators joined the ruling coalition, moving the government closer to the supermajority needed to change the constitution.