Possibility of stimulus buoys Emerging Markets

Policy makers considering the possibility of stimulus in major economies has buoyed emerging markets in the last week.

Brazil's real reached a high of 3.2766 per dollar as commodities and assets rallied on the stimulus news.

Japan's Prime Minister Shinzo Abe revealed that he would order ministers to begin considering a fresh stimulus for the Japanese economy.

Many traders also favour increased monetary easing in the European Union market as the Bank of England considers a rate cute.

Read more at Bloomberg.