EM currencies face uphill battle as dollar’s supremacy continues: Reuters poll

Emerging market currencies will struggle to reclaim the ground lost this year, as high U.S. Treasury yields and safe-haven demand amid a slowing Chinese economy keeps the dollar ascendant, a Reuters poll of FX analysts found. A stampede into the greenback pushed the wider index of emerging market currencies to its lowest in two weeks on Monday as U.S. Treasury yields and the dollar advanced on expectations interest rates will remain high. The dollar index has surged more than 5.0% since its 15-month nadir in July.