Emerging market currencies are still expected to rise for the fifth consecutive week.

The impact of US President Trump's trade policy has caused a new round of tension, leading to a drop in emerging market currencies on Friday. However, they are still expected to rise for the fifth consecutive week. The MSCI Emerging Markets Index, which tracks developing country currencies, is expected to rise by 0.2% this week, despite a slight drop on Friday after Trump threatened to impose tariffs of up to 70% on some trading partners. Due to the US holiday, trading was light that day. At the same time, the MSCI Emerging Markets Stock Index fell by 0.5% on Friday, marking the largest decline in nearly two weeks, but still maintaining the weekly gains.