Emerging Currencies Erase War Losses as Traders Bet on Peace

A key gauge of emerging-market currencies has fully recovered its losses from the start of the US-Iran war, driven by optimism that the conflict is de-escalating after Iran reopened the...

By Maria Elena Vizcaino, Leda Alvim · Bloomberg Markets

A key gauge of emerging-market currencies has fully recovered its losses from the start of the US-Iran war, driven by optimism that the conflict is de-escalating after Iran reopened the Strait of Hormuz.