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Emerging market currencies rallied after Yellen’s gradualist speech
Weaker currencies such as the Mexican Peso and the Turkish lira were in line with the overall index, as EM currencies rallied following the Fed Chair's speech.
March 4, 2017 3:31 AM (UTC+8)
Emerging market currencies rallied along with developed-market currencies after Fed Chair Janet Yellen’s gradualist speech on future interest rate increases. Weaker units such as the Mexican Peso and Turkish Lira rose in line with the overall index.