The MSCI Emerging Markets Currency Index has fallen 3.1% since end-September and is heading for its biggest quarterly drop in two years, led by the real, Hungarian forint and the Chilean peso. The moves come after the Federal Reserve forecast fewer interest-rate cuts next year and signaled that inflation concerns are back on the radar. The MSCI Emerging Markets Currency Index has fallen 3.1% since end-September and is heading for its biggest quarterly drop in two years, led by the real, Hungarian forint and the Chilean peso. The moves come after the Federal Reserve forecast fewer interest-rate cuts next year and signaled that inflation concerns are back on the radar. Economic Times
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