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Dollar climbs, emerging markets under pressure

Updated : September 05, 2018 06:38 AM IST

Emerging markets stocks and currencies were under added pressure on concerns about inflation in Turkey and after data showed South Africa had slumped into recession in the second quarter.
The US dollar rose broadly and investors shunned emerging market currencies as concerns about the US-China trade situation boosted safe-haven demand for the greenback.
US Treasury yields rose to three week highs on Tuesday after data showed that US manufacturing activity accelerated to a more than 14-year high in August, and on heavy corporate debt supply.
Dollar climbs, emerging markets under pressure

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