Most emerging-market currencies outside Asia strengthened as progress in Iran negotiations pushed oil prices lower and lifted risk appetite. The South African rand led gains after the South African Reserve Bank governor pledged to return inflation to a 3% target. The Hungarian forint and Mexican peso also firmed.

2026-06-02

Most emerging-market currencies outside Asia strengthened as progress in Iran negotiations pushed oil prices lower and lifted risk appetite. The South African rand led gains after the South African Reserve Bank governor pledged to return inflation to a 3% target. The Hungarian forint and Mexican peso also firmed.