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Emerging-market currencies fell as investors bet that a possible Trump victory would push US Treasury yields higher. The MSCI emerging-market currency gauge slid 0.2% to a two-month low.
Higher US yields and a stronger dollar pressure emerging-market currencies, raising the local cost of dollar-denominated feed imports across importing countries.
investmentnews.comBloomberg NewsJul 3, 2024After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
