Signs of a broader turn in dollar sentiment are visible in the buck's 8% decline against a basket of developed market currencies from its September highs.
By Saqib Iqbal Ahmed NEW YORK (Reuters) - As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies wi.
As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback.
With this month's hike, the Federal Reserve would have raised overnight rates by 300 bp while doubling the pace that its balance sheet is shrinking over the past 100 days.
US futures point to the possibility of a gap-higher opening. Most large Asia-Pacific bourses rallied 1-2%, except for China’s CSI. The STOXX 600 is edging higher and is near two-week highs.