Europe

Markets - Equity - Europe

EMERGING MARKETS-Retreating dollar gives emerging markets a breather LONDON: Emerging markets looked to end the week on a cautiously positive note on Friday with stocks poised to snap a four-week losing streak while a number of currencies pulled away from record lows thanks to the dollar taking a break from its relentless rally.Emerging assets have suffered since Republican Donald Trump's unexpected election victory led to a major repricing of assets, with investors pushing the dollar to a 13-1/2 year high and sending US Treasury yields soaring in anticipation that increased infrastructure spending would push up inflation.India's rupee, which had hit a record low on Thursday, strengthened 0.5 percent against the dollar after the Indian central bank intervened heavily in morning trade when the currency looked set to weaken again.Turkey's lira strengthened 0.2 percent on the day, but only after hitting yet another record low in early trading.Turkey had raised interest rates for the first time in nearly three ...
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