Emerging Currencies Advance as Trump Extends EU Tariff Deadline
A gauge of emerging-market currencies rallied to a record high as Washington's decision to extend the deadline for aggressive tariffs on the European Union bolstered risk appetite.
The MSCI EM Currency Index rose as much as 0.4% on Monday. The Malaysian ringgit advanced 0.7% to lead the gains in Asian currencies, while the Taiwan dollar appreciated to a level last seen in early May.
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