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The Hungarian central bank's decision Tuesday to pause interest rate cuts and lower its inflation target is positive for the forint, ING's Frantisek Taborsky says in a note. However, the global backdrop remains largely negative despite the recent improvement in risk sentiment, he says. The dollar i…
Emerging market stocks rose on Monday, hitting a more than one-week high, as lower oil prices and gains in AI-related stocks boosted sentiment. MSCI's index tracking EM stocks rose 1.45%, lifted by Asian tech-heavy bourses in South Korea and Taiwan.