🏛 Billions of Dollars, Bold Action: EMs Battle a Surging Greenback Bloomberg reports that MSCI EM currency index is set for worst quarter in two years. Intervention can only slow currency depreciation. 👍From Brazil to South Korea, emerging-market central banks are forming a line of defense as a rising dollar pushes their currencies to multi-year lows. 📊The MSCI Emerging Markets Currency Index has fallen 3.1% since end-September and is heading for its biggest quarterly drop in two years, led by the real, Hungarian forint and the Chilean peso. The moves come after the Federal Reserve forecast fewer interest-rate cuts next year and signaled that inflation concerns are back on the radar. 📉The declines in emerging markets have fueled a tide of bearish bets, with some hedge funds wagering that more losses will accrue when President-elect Donald Trump’s proposed tariff policies kick in. Read full: ⬇️⬇️⬇️ en review.uz/en/z4u ru review.uz/z4u More analytics ⬇️⬇️⬇️ © Экономическое обозрение © Иқтисодий шарҳ © Economic Review telegram | facebook | twitter|linkedin