EMERGING MARKETS-Currencies rangebound, stocks slip ahead of US PCE, growth data
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 24 2024
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Source: Yahoo Finance
Market Reactions to U.S. Data: Asian emerging market currencies and stocks showed slight losses as traders awaited key U.S. inflation and growth data, with expectations of potential interest rate cuts by the Federal Reserve later this year.
Regional Performance: The Thai baht and South Korean won gained modestly, while the Malaysian ringgit and Indonesian rupiah declined; China's stock indices continued to fall, reaching multi-month lows amid a broader sell-off in equities across the region.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
