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Most emerging market currencies firmed on Thursday, and stocks broke a six-session losing run, as the dollar subsided after a rally spurred an increasingly hawkish U.S. Federal Reserve.

Latin American currencies lagged emerging market peers on Thursday, with Mexico's peso hit by shrinking economic growth, while in Brazil, inflation near 20-year highs kept the currency from losses on speculation of large interest rate hikes.

House price inflation in New Zealand will ease substantially next year, followed by outright price falls in 2023, but affordability is set to worsen in one of the world's most expensive property markets, a Reuters poll found.

Asia's imports of crude oil are likely to have rebounded in November to the highest this year amid pre-winter buying by top consumers and despite widespread disquiet among buying countries over high prices.

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

A look at the day ahead from Sujata Rao.

Australian shares reversed early losses to end marginally higher on Thursday, helped by gains in miners due to strong iron ore prices, though the benchmark's advance was capped by a weak financial sector.

The dollar slipped overnight but was still close to its highest since July 2020 against the euro on Thursday after U.S. Federal Reserve meeting minutes reinforced market expectations that the Fed will raise rates sooner than other major central banks.

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

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