Most emerging market currencies will struggle to recoup this year's losses against the dollar in coming months as expectations for aggressive rate cuts from the U.S. Federal Reserve diminish, a Reuters poll of FX strategists found. After ending 2023 on a positive note, the rally in the emerging market currency basket has ran out of steam and was down 1.2 per cent for the year, hurt by higher U.S. Treasury yields. Better than expected U.S. economic data and hawkish comments from Fed policymakers have led investors and markets to roll back on rate cut predictions, pushing the dollar index up 3 per cent in only a few ... (full story)