Surging dollar sends emerging currency index to lowest in more than three years

LONDON (Reuters) – The stampede into dollars pushed MSCI’s Emerging Markets Currency Index () to its lowest level in more than three years on Thursday and set it on course for its worst week since September 2011.

MSCI’s index of emerging market shares () was lower for its fourth day running, down 3% on the day and at its weakest in more than four years. The index is headed for its worst week since the 2008 global financial crisis.

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