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MSCI emerging market currency index hits fresh record high By Reuters

Dollar holds weak bias on expectations Powell will shun tapering By Reuters


© Reuters. FILE PHOTO: The MSCI logo is seen in this June 20, 2017 illustration photo. REUTERS/Thomas White/Illustration

LONDON (Reuters) – MSCI’s emerging market currency index pushed to a fresh record high on Wednesday aided by the dollar languishing near five-month lows as Fed officials reiterated they will not change monetary policy any time soon.

The developing markets currency benchmark scaled 1746.51, rising above peaks reached earlier this month. The index is dominated by Asian currencies such as , which rose to a near three-year high, as the central bank guided the currency higher.

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