Emerging Markets Assets Shake Off US Jobs Data to Extend Rally

Bloomberg Emerging-market assets extended their recent gains Wednesday, shaking off a brief slump in currencies as traders dug into data on the US jobs market. Currencies in developing markets, including Brazil’s real and South Africa’s rand, sank immediately following the report showing US payrolls rose in January by the most in more than a year. The real, rand and most peers reversed course later, with a gauge tracking emerging-market currencies ending the day up 0.2%, extending a winning streak to a f ...