Forint Leads Emerging-Currency Gains as Rate Cuts Seen Slowing [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: Yahoo! Finance
cuts later in the day, while a dollar pullback offered a small boost to MSCI's broad EM currency gauge. Most Read from Bloomberg Trump Vows to Pay Fraud Trial Bond Cut by 68% to $175 Million Trump's Net Worth Hits $6.5 Billion, Making Him One of World's 500 Richest People After Exposing Realtors, Eliminate the Mortgage Interest Deduction US CEOs Extend China Stay on Last-Minute Invite to Meet Xi Mahathir Sons Say 98-Year-Old Father Focus of Malaysia Probe Hungary will probably cut rates by 75 basis points to 8.25%, a Bloomberg survey indicated, after recent sharp forint weakness. The currency firmed 0.2% against the euro, and strengthened as much as 0.4% versus the dollar ahead of the rate decision. Nigeria meanwhile is could raise interest rates by 125 basis points to 24%, a Bloomberg poll of economists showed. The naira which was devalued last month for the second time since June has been firming in recent days on expectations of higher interest rates. Nigerian eurob
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