Most of the emerging market currencies fell after the dollar stopped a four -day wave of losses, amid a state of prudence in the markets due to the lack of economic data as a result of the government closure in the United States. On the other hand, shares have risen with the support of momentum in the technological sector. The MSCI index of developing countries ended Thursday’s trading with a slight decrease without 0.1%. Coins with high yields such as Mexican, South Africa and Brazilian rand are recorded in a basket of 23 currencies, followed by “Bloomberg”. Earlier this week, the markets had partial indicators of the US job market, especially the vacant job report and the private sector work data of “ADP”. The postponement of the issuing of weekly unemployment subsidies due to the government closure, with the expectation of postponing the Non Agricultural Report on Friday, created an information vacuum that confused investors. Also read: Asian stocks still climb with the support of the Gulf of Artificial Intelligence, a decrease in the appetite that risks pose. Ning Sun, the most important strategy of emerging markets in “Street Global Markets”: “It seems that the markets are not ready to carry extra risks at this stage … The most sensitive factor remains related to US data, especially how to work between inflational elements and growth rates.” On the other hand, the upcoming market shares have recorded their highest levels since mid -2011, with the payment of a new optimistic wave fed by artificial intelligence investments, especially to the last agreement that jumped to half a trillion dollar with the value of ‘Openai’. The msci index of emerging markets increased by 1.1%, powered by technology shares, including “Taiwan Simkonkter” and “Ali baby”. This comes after “Openai” completed a secondary shares of $ 6.6 billion for current and former employees, increasing its evaluation to $ 500 billion, compared to $ 300 billion before. The company has also entered into agreements with South Korean chips to support its new “Stargate” project, which feeds the enthusiasm over artificial intelligence worldwide. Rajev de Milo, director of international portfolios at Gama for Asset Management, pointed out that “investors were fascinated by the issue of artificial intelligence and technology … and the federal monetary facilitation campaign that supports these sectors, and with the end of the year, the investors have begun to amend their positions.” The return of interest in emerging markets, such as for Mark Bendsedler, who specializes in emerging shares at Fontoppe Asset Management, he warned that China is still at the beginning of its investment cycle in artificial intelligence, and that the interest of investors in emerging markets begins to return to years of absence, but he warned that the altude was undermining. In the debt markets, Romania has sold new effects in euros, while Kenya is planning to issue ‘Europond’ to rebuild 2028 effects. In Argentina, dollar mortgages rose in the afternoon session after local reports that Luis Kapoto, Minister of Economics, and the Central Bank of Santiago Bossili would arrive in the United States on Friday to discuss an exchange rate. In a recent memo, the “City Group” analyzes recommended the profits from the rise of the South African rand, pointing out that the performance of the currency came well in light of the improvement in local factors, but they prefer the tactical exit at these levels despite their compliance with a positive view.
After the dollar bleeding has stopped .. How did the emerging market currencies perish with each other?
