Emerging Market currencies rally with dollar selloff

Emerging market currencies rallied to their strongest level against the dollar in response to the Federal Reserve announcement of a delay in raising interest rates.

Malaysia's ringgit and South Korea's won strengthened at least 1.4 percent against the dollar, along with Turkey's lira, Brazil's real, among others.

While the two-day dollar selloff boosted demand for emerging market assets, investors remain wary amid signs of a worsening Chinese economy.

Read more at Bloomberg.

Dollar Weakness Boosts Emerging Market Currencies