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Emerging FX Holds Gains as Trump Lays Down Policy Pledges
A gauge tracking emerging market currencies held onto gains following President Donald Trump’s inaugural speech after he was sworn in as the 47th president. The MSCI EM currency index rose 0.5%, with the Czech koruna and the Hungarian forint leading advances. The dollar, meanwhile, retreated 0.9% amid thin liquidity due to a holiday in the US. The Mexican peso briefly pared gains after Trump pledged to make immigration a key focus in his first hours in office, saying he would call a national emergency on the southern border and send troops. He also designated Mexican cartels as terrorist organizations. But there ... (full story)
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- Posted: Jan 20, 2025 2:21pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,603
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