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The emerging market currency index hit an intraday high.

2026-05-29

The emerging market currency index hit an intraday high.

Other News
2026-05-29

Indonesia and India intervened Friday to support their currencies as both faces downward pressure from surging energy prices. Despite FX sales, the rupiah fell 0.5% versus the dollar on Friday and is down 7% YTD, the weakest among peer EM currencies.

Indonesia and India intervened Friday to support their currencies as both faces downward pressure from surging energy prices. Despite FX sales, the rupiah fell 0.5% versus the dollar on Friday and is down 7% YTD, the weakest among peer EM currencies. The rupee rose 0.7% on Friday, ending a two-day slide, and is down 5.7% YTD. Bank Indonesia said it will continue around-the-clock, global efforts to stabilize the rupiah via spot FX intervention, non-deliverable forward operations and government bond purchases. Traders said the Reserve Bank of India has sold dollars in onshore and offshore markets and has been intervening in to support the rupee in recent days.
2026-05-29

According to a senior Middle East correspondent for Israel's i24 news channel, unofficial Iranian media reported that the Iranian Revolutionary Guard Navy fired warning shots at four "illegal vessels" attempting to pass through the Strait of Hormuz w

According to a senior Middle East correspondent for Israel's i24 news channel, unofficial Iranian media reported that the Iranian Revolutionary Guard Navy fired warning shots at four "illegal vessels" attempting to pass through the Strait of Hormuz without coordination.
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