Emerging market stocks slide after five-day rally, E. Europe under pressure | Malay Mail

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WARSAW, Dec 8 — Worries over a resurgence in the coronavirus pandemic drove emerging stock markets lower today after five-day rally, while east European currencies came under pressure over a European Union budget standoff. The Hungarian forint traded at its weakest level in a week versus the...

Tuesday, 08 Dec 2020 07:03 PM MYT

The Hungarian forint traded at its weakest level in a week versus the euro, down 0.2 per cent at 361.69 per euro, while the Polish zloty slipped 0.2 per cent. Barring a change in the decision, the EU will look to bypass Hungary and Poland when it comes to the recovery fund, at least until negotiations next year, said Simon Harvey, FX analyst at Monex Europe.

A basket of emerging market currencies held near its strongest level in more than two years, while stocks slipped from 2018 peak.

 

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