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EMERGING MARKETS-FX hovers at three-month highs as tariffs...

Most emerging market currencies rose on Monday against the dollar as concerns about U.S. tariffs and economic growth weighed on the greenback. The dollar strengthened against Israel's shekel ahead of a rate decision. The MSCI index tracking emerging market currencies edged up, while stocks dipped due to losses in Chinese equities after U.S. President Donald Trump restricted Chinese investment in strategic areas. Citigroup upgraded Indian and Chilean equities, while downgrading ASEAN shares. South African stocks lost, but the index was still hovering around record highs. Polish retail sales data for January exceeded estimates, while Polish stocks lost due to losses in bank shares. The South African rand rose, and Singapore stocks touched a record high.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14429209/EMERGING-MARKETS-FX-hovers-three-month-highs-tariffs-assessed-shekel-slips-ahead-rate-decision.html
Source Id: 8562199147

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