Emerging FX Gains as ‘Bessent Put’ Burnishes Carry Trade Appeal
AI Summary
Emerging-market currencies reached new highs driven by a weaker dollar, enhancing the attractiveness of carry trades. South Korean technology stocks spearheaded a recovery in emerging market equities despite rising oil prices.
Emerging-market currencies hit a fresh record as a weak dollar added to the appeal of a popular trade, offsetting a fresh jump in oil prices. South Korea’s technology stocks led a rebound in developing-nation equities.
Markets Commodities Energy emerging markets currencies carry trade South Korea technology stocks oil prices equities