TOKYO -- As the dollar softens on expectations of a U.S. interest rate cut, investors are moving money into emerging-market currencies, picking those most likely to benefit from a weak greenback while steering clear of political risk.
Southeast Asia enjoys growth; political fears sink Turkish lira, Mexican peso
The Thai baht gained 6% against the dollar between Aug. 1 and Sept. 12 thanks partly to a rise in exports. © Reuters
TOKYO -- As the dollar softens on expectations of a U.S. interest rate cut, investors are moving money into emerging-market currencies, picking those most likely to benefit from a weak greenback while steering clear of political risk.