economy

‘Hawkish shift’ in US rates upends global currency bets

Expectations of a Fed rate rise trigger reversal in emerging market and commodity currencies

‘Hawkish shift’ in US rates upends global currency bets

TL;DR

  • US Federal Reserve policy shift signals potential interest rate rise.
  • Emerging market currencies are experiencing a reversal.
  • Commodity currencies are also impacted by the policy shift.
  • A weaker dollar had previously supported these currencies.