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Emerging Currencies Rebound as Jobs Data Spur Dollar Weakness

Emerging Currencies Rebound as Jobs Data Spur Dollar Weakness

Bloomberg14 hours ago
Emerging-market currencies rallied after weaker-than-expected US jobs data prompted traders to price in Federal Reserve rate cuts, driving the dollar lower.
MSCI's EM currency gauge rose 0.5% on Monday, the most in more than a month. The Bloomberg Dollar Spot Index was little changed after sliding 0.9% in the previous session. The Philippine peso and Malaysian ringgit outperformed with gains of about 1% against the greenback.
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'Rich Dad Poor Dad' author says he is hoping for a market crash in August
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