Emerging Markets Struggle Amid Strong Dollar and Treasury Yield Spike

Emerging market currencies faced downward pressure due to a strong U.S. dollar and rising Treasury yields, with Russia's rouble notably gaining. Holiday trading was thin, impacting various assets. Markets in Poland, Czech Republic, and Hungary were s

By: Devdiscourse

Dec 24 2024
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Emerging Markets Struggle Amid

Tuesday's trading saw most emerging market currencies slightly decline, pressured by a robust U.S. dollar and surging Treasury yields. Despite this, Russia's rouble managed to rise for the fourth consecutive session, spurred by upcoming corporate tax... [713 chars]