On the eve of Powell, Jackson Hole Speech, Strong Data + Hawkish Stance Suppress Expectations of Interest Rate Cuts, Emerging Market Currencies Fell for the Sixth Consecutive Time.

According to the Wise Finance APP, emerging market currencies have been declining for the sixth consecutive day on Thursday, as strong US manufacturing data combined with hawkish signals from Federal Reserve officials have further pressured market expectations of a rate cut by the Fed. Now, the market focus is now shifting to Federal Reserve Chairman Powell's speech at the Jackson Hole Global Central Bankers' Meeting on Friday.