With investors avoiding emerging market currencies, the dollar was supported thanks to its safe-haven appeal. Tokyo: Stock markets in Asia tracked their global peers lower while the safe-haven dollar hovered near a two-week high on Wednesday as heightened worries over international trade conflicts curbed investor appetite for riskier assets. “Then there is the U.S.-China trade issue, in addition to turbulence in the emerging market currencies that the markets have to worry about,” Ichikawa at Sumitomo Mitsui Asset Management said. Emerging markets stocks and currencies faced their latest round of pressure with news that South Africa had slipped into recession and concerns brewing about inflation in Turkey. With investors avoiding emerging market currencies, the dollar was supported thanks to its safe-haven appeal.

Source: Mint September 05, 2018 03:33 UTC