Emerging Currencies Slump, on Brink of Erasing 2023 Gains
(Bloomberg) -- Emerging market currencies are on the brink of wiping out all the gains accumulated in 2023 as concerns about China’s economy and US interest rates sour the mood with riskier assets.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlCitadel Is Ready to Fight With SEC Over WhatsApp ProbeBond Selloff Grinds on as Oil Tests $94 a Barrel: Markets WrapRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownDimon Warns 7% Fed R