The MSCI Emerging Markets Currency Index remained roughly flat on &#34;non-farm day&#34;, with a cumulative increase of 0.1% this week, marking the largest weekly gain since June 7th.
The Brazilian Real has risen against the US Dollar for three consecutive days, achieving the largest weekly gain since September 2023, as the market welcomes President Lula's government budget spending plan.
The MSCI Emerging Markets Stock Index rose by 0.1%.
Next week, the market will welcome Federal Reserve Chairman Powell's two-day congressional testimony and will face economic data such as US CPI

Emerging market currencies and stocks rose, boosted by the US non-farm payroll report lifting risk sentiment. The MSCI Emerging Markets Currency Index closed roughly flat on "non-farm day", up 0.1% for the week, marking the largest weekly gain since June 7. The Brazilian real rose against the US dollar for three consecutive days, achieving the largest weekly gain since September 2023, as the market welcomed President Lula's government budget spending plan. The MSCI Emerging Markets Stock Index rose by 0.1%. Next week, the market will see Federal Reserve Chairman Powell's two-day testimony and face economic data such as US CPI

Emerging market foreign exchange and stock markets are rising, boosted by the US non-farm payroll report, lifting risk appetite sentiment