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Emerging Market Forex Rallies Seen Short-Lived Due To High Inflation: Report

In May, dollar inflows pushed the emerging markets currency index to its weakest level since end-2020.
In May, dollar inflows pushed the emerging markets currency index to its weakest level since end-2020.
Battered emerging market currencies will struggle to hold on to recent gains towards year-end as U.S. Federal Reserve interest rate hikes and inflation concerns keep the dollar in the forefront, a Reuters poll found.
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