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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.
Global equity indexes are near all-time highs despite a tumultuous third quarter marked by a surge in US 10-year Treasury yields past 5% to their highest since just before the 2007 financial crisis and a 40% jump in Brent crude prices.