Developing-nation assets were mixed Monday ahead of a speech by Fed Chair Powell. The Brazilian real led emerging-market currencies lower, while stocks edged up. Traders awaited Trump’s meeting with Ukraine’s Zelenskiy and focus turned to Powell’s speech at Jackson Hole. US interest-rate swap traders are pricing in over 100 basis points of rate cuts in the next year. Bolivia’s dollar bonds surged after pro-business candidates advanced in the presidential election. Ukraine’s bonds also performed well amid ongoing conflict.

Read more at Yahoo Finance: Emerging FX Edges Lower as Traders Look Ahead to Fed Symposium