Emerging Market Currencies Rally Against Dollar

Emerging-market currencies rallied against the dollar after a report showing a moderate increase in U.S. jobs assuaged worries about rising interest rates.  Investors and analysts said the data, which showed the U.S. economy adding slightly fewer jobs than economists expected in March, reduced the chances that the Federal Reserve would move up its timetable for cutting bond purchases and raising rates.  That eases the pressure on currencies, stocks and bonds in developing countries, which have struggled for much of the past year, as the Fed moved to unwind policies aimed at supporting the U.S. economy by keeping borrowing costs low. 

http://tinyurl.com/mrtkxl5

-Igor P Purlantov