EM Currencies Fall to One-Week Lows on Rising Treasury Yields; Turkish Stocks Rebound
Emerging-market currencies declined to a one-week low on Thursday, influenced by a surge in US Treasury yields that propelled the dollar to a three-month high. Concurrently, Turkish equities showed resilience, rebounding after experiencing their most significant monthly loss since 2008 in September.
Emerging-market currencies slipped to a one-week low on Thursday as surging US Treasury yields lifted the dollar to a three-month high. Turkish equities rebounded after posting their steepest monthly loss since 2008 in September. China suspended oil products exports, lifti…