Asia’s emerging market currencies climbed on Monday as the dollar drifted down from its multi-year highs, with investors gauging the extent of the U.S. Federal Reserve’s next rate hike.
The South Korean won KRW=KFTC led gains to advance 0.9%, followed by the Singapore dollar’s SGD= 0.2% climb. The rupiah IDR= also rose 0.1%
The greenback has soared this year due to a combination of rising U.S. interest rates amid surging inflation and wobbling economies in Europe and China.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
