dropped as much as 0.4%, the most in four months on a closing basis, with Asian currencies leading the declines. The gauge had been on track for a 0.4% advance by Thursday’s close, but had whittled that down to 0.
2% as of 11:23 a.m. in London.Emerging Market Rally Falters as Bank of Japan Tests Carry Trade
Brasil Notícia Notícia
A gauge of developing nation currencies halves its weekly gains as a hawkish tweak to Japanese central bank policy threatened to derail this year’s most lucrative emerging-markets strategy