Emerging-Market Assets Advance as Fed Wagers Trigger Weak Dollar
- Fed may start easing cycle Wednesday with 50 basis-point cut
- Brazil’s real posts best performance among emerging currencies
Emerging-market stocks climbed 0.4%, with shares in Hong Kong and Taiwan leading gains.
Photographer: Lam Yik Fei/BloombergThis article is for subscribers only.
Emerging-markets assets rose on Monday as traders geared up for the Federal Reserve to cut interest rates this week, a move that’s expected to unlock fresh inflows into risk markets.
An index that tracks developing nation currencies rose 0.2%, led higher by Brazil’s real, Hungary’s forint and Poland’s zloty. A companion index for stocks climbed 0.3%, with shares in Hong Kong and Taiwan leading gains.