EM Currencies Fall As Dollar Extends Gains Amid US Shutdown

Emerging-market currencies retreated on Tuesday, dragged down by the Hungarian forint, with investors turning to haven assets as the US government shutdown enters its seventh day.

An index tracking currencies in the developing world closed 0.1% lower, as Central and Eastern European names led losses, while Asian peers outperformed. The dollar advanced for a second day as the US government shutdown dragged on and investors weighed mixed signals from the Federal Reserve.