The Hungarian forint slipped on Tuesday as investors awaited a central bank rate decision due later in the day, while Chinese stocks fell for a fifth session in a row on concerns over an uneven recovery in the world's second-largest economy.
Currencies in emerging markets slipped on Monday, as the dollar firmed ahead of a slew of central bank policy meetings, while the Hungarian forint inched down ahead of an eagerly awaited policy decision by the National Bank of Hungary this week.
Emerging market stocks rose on Wednesday after two sessions of declines and currencies steadied as U.S. recession fears pushed the dollar lower, with the Polish zloty flat ahead of a central bank decision on interest rates.
Emerging market stocks dipped for a second straight day on Tuesday, led by declines in Hong Kong shares, while Romania's leu edged higher against the euro ahead of a central bank decision on interest rates.
For benchmarked returns in emerging markets there was a lot to choose from during the first quarter, with positive returns across local and foreign-currency bonds and stocks in select geographies.