April 28, 2024

Emerging market stocks retreat

Emerging market currencies feel pressure due to a strong dollar and concerns over sustained US interest rates.

Source: Pexels

Philippine peso hits lowest level since November 2022 against the dollar. Central bank unlikely to hike rates in response to weakness, says Finance Minister Ralph Recto.

Source: Pexels

Investors await Turkish central bank's interest rate decision, expected to maintain key rate at 50%. Lira remains stable against the greenback.

Source: Pexels

Analysts anticipate potential rate cuts in the fourth quarter, but concerns linger over persistent lira selloffs and global risks. Bank Indonesia's unexpected rate hike adds to uncertainties.

Source: Pexels