The dollar gained versus the yen after a report showed the U.S. added more jobs last month than forecast, signaling the Federal Reserve may be moving closer to reducing monetary stimulus that’s seen as debasing the currency.
Chile’s peso posted its biggest three-day gain since August as the fastest inflation in 2013 supported the case for a halt in interest-rate cuts and helped the currency extend its rally from a two-year low.
The Ibovespa advanced, reducing a third weekly drop, as slower-than-forecast Brazilian inflation offset concern that the Federal Reserve will reduce U.S. stimulus that has buoyed emerging-market assets.
Ukrainian corporate bonds yielding at least double emerging-market peers are luring investors from Landesbank Berlin Investment GmbH to Otkritie Capital on speculation the selloff triggered by street protests will fade.
The pound rose for the first time in three days against the dollar as a U.S. jobs report spurred debate among investors as to when the Federal Reserve will withdraw stimulus that has weakened the U.S. currency.
Azerbaijan’s State Oil Fund will cut the share of euros in its holdings in favor of the Australian dollar, Russian ruble and Turkish lira, while planning to increase investments in real estate to diversify its assets.
Gold analysts are bearish for a third week, the longest stretch since February 2010, as prices approach $1,200 an ounce and a stronger U.S. economy improves the chance that the Federal Reserve will reduce fiscal stimulus.