Emerging Currencies Extend Decline on US Data, Strong Dollar
Emerging-market currencies declined as US business activity hit its fastest growth rate in over five years, strengthening the dollar. Analysts are monitoring international market opportunities and China's economy. The trends precede a scheduled meeting between US and Chinese leadership.
Emerging-market currencies extended losses after the release of figures showing US business activity rose at the fastest pace in more than five years. Bloomberg Intelligence Chief EM Strategist Damian Sassower discusses the US Dollar, EM opportunities, and China's economy ahead of Trump's meeting with Chinese President Xi Jinping. (Source: Bloomberg)
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