“Markets has revised up some cut expectations given the recent US Fed speech,” said Marco Oviedo, a senior strategist at XP Investimentos. “There will be a division among members so market is unsure how that is going to play going forward, while the data is still inconclusive.”
Emerging-market currencies fell across the board on Wednesday in a strong session for the dollar as markets digested mixed signals from US Federal Reserve (US Fed) officials over the rate path ahead.
The MSCI index tracking emerging-market currencies declined 0.3%, with the Hungarian forint, the Czech koruna and the Polish zloty falling at least 0.8% each. The Bloomberg dollar index is up 0.5%, while Treasury yields are climbing.
