Emerging Markets Prepare for Weekly Gains Amidst Anticipation of Powell's Insights
Thursday, 22 August 2024, 23:36
Weekly Gains in Emerging Markets
Emerging markets are on track to conclude the week with gains, primarily driven by declining dollar strength.
Impact of US Interest-Rate Cuts
Traders are closely monitoring the developments surrounding Federal Reserve chair Jerome Powell as expectations mount regarding potential interest-rate cuts in the US. A weaker dollar has bolstered the confidence in emerging market assets, offering a reprieve from previous volatility.
- Market Recovery: Recent activities indicate that markets are steadily clawing back lost ground, reflecting investor resilience.
- Currency Fluctuations: The dollar's weakening has played a key role in supporting asset growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.