Emerging-Market Currencies Gain as Traders See Rate Cuts Ahead
The River Vltava early morning in Prague, Czech Republic. The Czech koruna was one of the top performing currencies.
Photographer: Milan Jaros/BloombergA gauge for emerging-market currencies rose on Wednesday, getting a lift from renewed bets of a Federal Reserve interest-rate cut next week after the latest batch of jobs data showed a weakening labor market.
The Colombian peso, Czech koruna and Polish zloty led the advance among peers as the Bloomberg Dollar Spot Index slipped 0.4%. Meantime, the index for emerging equities edged lower for the day.