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Emerging Markets Steady Amid US Rate Speculation

11/17/2025

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Story summary
  • Emerging-market currencies stabilized as investors awaited US data crucial to the Fed's rate plans.
  • The MSCI EM currency index stayed steady while the MSCI EM equities index rose 0.2%.
  • The release of US construction spending and jobs data this week dampens expectations for a December rate cut due to data quality concerns.
  • Asia markets fell as Hang Seng dropped 0.7% amid China–Japan tensions after Japan's prime minister commented on Taiwan.