According to ChainCatcher, citing Jintiao, emerging market stocks and currencies declined for the second consecutive day, with the MSCI Emerging Markets Index down 0.8%, marking the largest drop since mid-December last year. Currencies in Thailand, South Korea, and South Africa led the declines. Bond issuance has seen its strongest start on record, with Poland also joining the ranks of countries issuing debt at low borrowing costs. Market attention is focused on the non-farm payrolls report due on Friday, which could provide clues about the Federal Reserve’s interest rate path. Ian Simmons, a fund manager at Fiera Capital in London, stated that the dollar may continue to weaken.
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