On December 30, the Brazilian real and Chilean peso led developing country currencies, and their exchange rates against the US dollar both increased by more than 1.7%. Emerging markets are ending the year with a stellar performance. As developed countries cut interest rates, both local currency bonds and hard currency bond indices are expected to record double-digit growth. The stock index is expected to grow by more than 30% in 2025, while 17 of the 23 emerging market currencies tracked by Bloomberg appreciate against the US dollar.

On December 30, the Brazilian real and Chilean peso led developing country currencies, and their exchange rates against the US dollar both increased by more than 1.7%. Emerging markets are ending the year with a stellar performance. As developed countries cut interest rates, both local currency bonds and hard currency bond indices are expected to record double-digit growth. The stock index is expected to grow by more than 30% in 2025, while 17 of the 23 emerging market currencies tracked by Bloomberg appreciate against the US dollar.