Lira Leads Emerging Currency Gain; India Moves on Rates - Bloomberg

Lira Leads Emerging Currency Gain; India Moves on Rates - Bloomberg:



"The Turkish lira and South Korean won led a rebound in emerging-market currencies, while U.S. stock-index futures advanced before the Federal Reserve reviews its record stimulus. Indian shares erased their gain after the central bank unexpectedly raised its benchmark interest rate.



The lira rallied 0.6 percent to 2.27 per dollar as of 2:50 p.m. in Tokyo, advancing for a second day from an all-time low. The won rose 0.3 percent to 1,080.80 per dollar from a four-month low. Standard & Poor’s 500 Index (SPX) futures added 0.3 percent as the MSCI Asia Pacific Index of stocks fell 0.2 percent. India’s S&P BSE Sensex erased a 0.4 percent advance. Silver increased from the lowest level in more than two weeks as copper rose 0.3 percent"



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