Emerging-Market Debt Joins Global Selloff on Slower US Easing Bets
- Asian currencies drag MSCI index lower, LatAm peers post gains
- EM stocks weakened as rising US yields hit risk appetite
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Emerging-market currencies traded mixed as US election uncertainty and a global economic slowdown added to concerns over potentially slower-than-expected Federal Reserve interest rate cuts.
Asian currencies dragged the MSCI currency gauge lower even as the Chilean, Mexican and Colombian pesos gained. Emerging currencies are contending with a dollar that is expected to strengthen in the weeks ahead.