EMBelarus Bonds Fall amid Rising Tensions; EM Stocks Slip

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Belarusian rouble down 0.3 vs dollar

S.African rand slips, analyst says currency overvalued

Mexican peso recovers after cenbank related slide

May 24 Reuters Belarusian bonds fell on Monday amid mounting criticism from Western nations over the forced landing of a flight, while most other emerging market currencies gained against a weaker dollar.

In what was described by some EU leaders as a hijacking, a passenger plane was suddenly diverted to Minsk, escorted there by a MiG29 fighter jet on what turned out to be a false bomb alert. On its landing, authorities took journalist Roman Protasevich into custody.

EU leaders are set to discuss additional sanctions against Belarus at a summit later in the day.

The Belarusian rouble lost 0.3 against the greenback, while sovereign dollar bonds extended falls with the 2030 bond down ore than 2 cents.

It will be interesting to see if there is any indirect implication on Russias relationship with EU and United States. This could increase tensions, said Cristian Maggio, head of emerging market strategy at TD Securities.

Rising oil prices supported currencies of crude exporters Russia and Mexico with the Latin American currency inching higher after a slide last session, as investors contemplated possible replacements for the current central bank chief.

With a weaker dollar spurring gains for most other emerging market currencies, Turkeys lira rose 0.4.

South Africas rand, which has been enjoying a rally thanks to the…

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