Emerging-Market Currencies Are Counting on Powell to Cut Rates

Emerging-Market Currencies Are Counting on Powell to Cut Rates
Emerging-market currencies rose on Monday, led by a surging South Korean won, as investors took heart from the Federal Reserve’s readiness to cut interest rates.The won jumped as much as 1.6% while the Thai baht strengthened and the Malaysian ringgit each advanced at least 0.
News story posted on 2020-03-02T05:51:00.0000000Z