Emerging market currencies find breathing space as dollar eases slightly

• Published date: 09 August 2022
• Publication title: Daily Financial Times

Emerging market currencies came off session lows on Monday, as the dollar eased slightly after a strong rally spurred by rising bets of the US Federal Reserve staying aggressive with its monetary policy.

With the exception of the Indian rupee and the Taiwan dollar, most Asian currencies cut almost all session losses. The Chinese yuan inched up, with data showing an unexpected pick-up in exports in July aiding sentiment. Export forecasts from China, however, were clouded by worries about weakening global...