Emerging Stocks at Two-Week Low, Currencies Stay Under Pressure
Currencies in India and Indonesia edged off record lows after central banks stepped up efforts to stem the losses, while swaps priced a South African interest-rate hike, reflecting the continued...
By Heng Xie · Bloomberg Markets
Currencies in India and Indonesia edged off record lows after central banks stepped up efforts to stem the losses, while swaps priced a South African interest-rate hike, reflecting the continued heavy pressure on emerging markets.