Developing-world currencies and stocks weakened as renewed dollar strength and elevated oil prices hurt sentiment for riskier emerging assets, prompting Barclays PLC to predict a “wild ride” across local markets.
Good morning. The dollar’s surge prompts pushback in Asia. The Fed attempts to quantify the power of Barbie and Beyonce. And feeling unmotivated this morning? You’re not the only one.
Turkey’s President Recep Tayyip Erdogan said “tight monetary policy” was needed to slow inflation, in an apparent change in stance for a leader who’s long frustrated investors by championing ultra-low borrowing costs.