Emerging market assets fluctuate amid the US dollar decline: An inside look at emerging markets
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The index tracking emerging market currencies closed down 0.2%, with the Brazilian real, Mexican peso, and South African rand erasing earlier losses. Previously released U.S. services sector data showed a slight slowdown in the sector’s expansion pace in June. However, as cost pressures eased, businesses increased their hiring. Driven by this data, market trends reversed. Despite copper prices rising, the Chilean peso still led declines among emerging market currencies. The developing countries’ equity index ticked up slightly during afternoon trading but ended the session virtually flat. Expand
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