Dollar surge pressures emerging markets
Arabian Post Staff -Dubai Emerging-market assets came under pressure as investors moved towards the dollar, cutting exposure to riskier currencies and equities before the Federal Reserve’s policy decision and amid rising doubts over artificial intelligence spending and stalled Middle East peace efforts. MSCI’s emerging-market currency gauge fell 0.3 per cent, with most major developing-economy currencies weakening against the greenback. The Philippine peso, the rupee and the Thai […]