Emerging-Market Volatility Sinks as Shutdown Delays Key Data

Emerging-market currencies edged higher on Friday, as the absence of key US data during the government shutdown tamped down volatility, while developing stocks rose in a tech-led rally.

The MSCI Inc. gauge for developing-nation currencies ended the session 0.1% higher on Friday. The shekel jumped after Hamas said it has agreed to release all Israeli hostages, while Turkey’s lira lagged peers even after inflation data came in above expectations. For the week, the index gained 0.4%.