In early 2016, emerging-market currencies began a two-year rally that took MSCI Inc.'s gauge to a record as investors sought higher-yielding assets
China and the United States have softened their stance on trade tensions, but this is nowhere a resolution, say currency dealers
The depreciation of the renminbi in recent weeks has raised fears that China is aiming to counter US tariffs by weaponising its currency
Sovereign borrowing in foreign currency has inherent risk
While the bond market is relatively conservative about their interest rate expectations, the currency market seems to be projecting that interest rates should be much sharper
The banks being sued include: Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley