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EM Currencies Break Five-Day Winning Streak After Iran Strike
Emerging-market currencies broke a five-day winning streak on Tuesday, with Iran’s missile strikes against Israel prompting investors to take turn to safe-haven assets. The MSCI gauge tracking developing-world currencies fell as much as 0.5% before paring losses at the close, in a session marked by fears over conflict escalation in the Middle East. An index of developing world stocks traded lower for most of the day before an adjustment at the end of the session sent it slightly higher. The Israeli military said on Tuesday that Iran fired more than 100 ballistic missiles directly at the country. The launch comes ... (full story)
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- Posted: Oct 1, 2024 7:25pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,365
