Emerging currencies slide as Iran war 'confusion’ jolts market
Published on: May 26, 2026, 11:11 p.m. | Source: CNBC TV18
Emerging-market currencies weakened on Tuesday after clashes near the Strait of Hormuz renewed geopolitical concerns despite ongoing US-Iran ceasefire negotiations. While most developing-nation currencies fell, emerging-market stocks gained on artificial intelligence optimism, led by rallies in Asian markets including South Korea and Hong Kong.
