Emerging Market Currencies Steady Amid U.S. Trade Negotiation Concerns

Emerging market currencies remained stable on Tuesday as a weaker dollar raised concerns over U.S. President Trump's tax bill. At the same time, investors awaited developments in U.S. trade negotiations. Global EM stocks saw modest gains amid mixed performance in regional stock markets.

On Tuesday, emerging market currencies maintained stability as the dollar weakened due to apprehensions surrounding U.S. President Donald Trump's tax bill.

The dollar index was at its lowest since March 2022 amid ongoing Senate debates over a hefty $3.3 trillion addition to the U.S. debt. Simultaneously, Trump's looming tariff deadline has investors closely monitoring trade negotiations with the U.S.

Regional stock markets displayed mixed performance. Global EM stocks saw modest gains, reflecting a positive outlook, as various countries continued their trade discussions with the U.S.

(With inputs from agencies.)