Emerging market foreign exchange markets boosted by weak US employment data and a weakening dollar.

On Thursday, after the employment data released in the United States showed that the labor market cooled more than expected, most emerging market currencies strengthened against the US dollar. This data reduced the probability of a rate hike by the Federal Reserve in October and boosted risk assets. The MSCI Emerging Markets Currency Index rose by as much as 0.3% at one point, but the gains narrowed before the market closed.