Currencies firm but rising interest rate risks weigh on EM outlook

Feb 7 (Reuters) – Most emerging market currencies rose on Monday, taking support from a steady dollar, although a surprise jump in U.S. jobs data last week bolstered bets for a more aggressive Federal Reserve, casting a pall over the outlook for emerging assets.

An index of emerging market currencies (.MIEM00000CUS) firmed 0.1% with the Chinese yuan edging higher on returning from a week-long…

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News Source: https://www.reuters.com/markets/europe/currencies-firm-rising-interest-rate-risks-weigh-em-outlook-2022-02-07/

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