Emerging Assets Pressured as Higher Oil Stokes Inflation Worries

Most emerging-market currencies weakened and bond yields rose as fading chances of a deal to reopen the Strait of Hormuz hit oil-sensitive assets around the globe.

By Andras Gergely · Bloomberg Markets

Most emerging-market currencies weakened and bond yields rose as fading chances of a deal to reopen the Strait of Hormuz hit oil-sensitive assets around the globe.