Emerging-Market Currency Index Turns Flat as Iran’s Supreme Leader Authorizes Talks and Oil Falls

Reports that Iran’s supreme leader authorized the government to hold talks sent oil prices lower, and the MSCI Emerging Markets Currency Index recovered its intraday losses. According to Sina Finance, the index had fallen as much as 0.2% before returning to unchanged, while the Mexican peso and Chilean peso hit intraday highs as oil weakened further.