Business
Emerging Markets Under Pressure as US Jobs Report Defies Expectations
Developing world currencies plummet after a strong US jobs report, sparking concerns of interest rate hikes and a stronger dollar.
about 2 hours ago2 min read
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Developing world currencies plummet after a strong US jobs report, sparking concerns of interest rate hikes and a stronger dollar.
Gold prices declined sharply as investors became increasingly bullish on a forthcoming Federal Reserve interest rate hike, driven by Federal Reserve Governor Christopher Waller's warning about the potential for an Iran war-fuelled inflation surge.