Dollar slides against emerging market currencies 


The dollar fell against emerging market currencies Wednesday as investors awaited a meeting between President Donald Trump and European Commission President Jean-Claude Juncker.

The dollar was recently down 1% against the Brazilian real and lost 1.2% against the Turkish lira. It was off 0.5% against the Mexican peso while also losing ground against other emerging-market currencies.

Some investors are hopeful Wednesday’s meeting can defuse recent trade tensions between the U.S. and Europe. Worries over an intensifying global trade fight have hit emerging-market assets particularly hard, weighing on the prices of stocks and currencies throughout the developing world.

The WSJ Dollar Index, which measures the U.S. currency against a basket of 16 others, was recently down 0.1% at 88.20.

Source: Wall Street Journal – Dollar Slides Against Emerging-Market Currencies

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