Emerging-market currencies gained on Thursday, rebounding after two days of declines, as US data showed a resilient economy and ahead of a key inflation report in the world’s largest economy.
The Korean won, Malaysian ringgit and Chinese yuan led gains. Central and Eastern European currencies strengthened as the euro advanced, while the Colombian peso, which rallied for most of the session, gave back its gains to end the day little changed. The gauge for stocks fell for a third day.
The US economy expanded in the second quarter at a 3.3% annualized pace, due to a pickup in business investment ...
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