Emerging Currencies Fall as Middle East Conflict, US Data Weigh --[Reported by Umva mag]

Emerging-market currencies weakened on Thursday as concern about the conflict in the Middle East drove demand for the safe-haven dollar, while US data supported bets that the US Federal Reserve will moderate the pace of rate cuts.

Oct 3, 2024 - 17:02

Emerging Currencies Fall as Middle East Conflict, US Data Weigh --[Reported by Umva mag]

(Bloomberg) — Emerging-market currencies weakened on Thursday as concern about the conflict in the Middle East drove demand for the safe-haven dollar, while US data supported bets that the US Federal Reserve will moderate the pace of rate cuts. Read More

The following news has been carefully analyzed, curated, and compiled by Umva Mag from a diverse range of people, sources, and reputable platforms. Our editorial team strives to ensure the accuracy and reliability of the information we provide. By combining insights from multiple perspectives, we aim to offer a well-rounded and comprehensive understanding of the events and stories that shape our world. Umva Mag values transparency, accountability, and journalistic integrity, ensuring that each piece of content is delivered with the utmost professionalism.