Emerging-Market Currencies, Stocks Edge Up in Holiday Trading

Shoppers at a market ahead of Lunar New Year in Shanghai.Photographer: Qilai Shen/Bloomberg

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By Kelsey Butler, Matthew Burgess, and Peter Laca

February 16, 2026 at 6:49 AM UTC

Updated on

February 16, 2026 at 9:41 PM UTC

Gauges for developing-nation currencies and stocks edged higher in thin trading on Monday amid holidays in key markets, with expectations of Federal Reserve interest rate cuts supporting riskier assets.

MSCI’s index of emerging-market currencies rose 0.1% to start the week, with the offshore yuan trading at its strongest level in almost three years. The US, mainland China, Brazil and South Korea were all closed for holidays.