BUSINESSAug 20 · 10:47 UTCBLOOMBERGPeter Laca

Emerging FX Gains as ‘Bessent Put’ Burnishes Carry Trade Appeal

Emerging-market currencies reached a fresh record, driven by weak dollar dynamics that increased the appeal of a popular trade despite rising oil prices. South Korea’s technology stocks specifically led a notable rebound among developing-nation equities.

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Emerging-Market CurrenciestopicSouth KoreaplaceDollartopiccarry tradetopicoil pricestopicdeveloping-nation equitiestopic

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