Macro Finance
Emerging Market Assets Snap Rally Amid Oil Swings, Rising Dollar
Bloomberg Markets·October 7, 2026·1 min read
Emerging-market stocks and currencies closed lower on Wednesday, halting their weekly advance, after a flare-up of attacks in the Strait of Hormuz pushed oil prices and the dollar higher. The geopolitical tensions raised risk aversion, weighing on EM assets as investors sought safe havens.
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