Emerging market stock markets and currencies have maintained their gains. Investors are waiting for Federal Reserve Chairman Kevin Walsh's speech in Jackson Hole to find clues about inflation prospects and interest rate paths. The MSCI Emerging Markets Currency Index rose 0.2%, rising for the eighth consecutive trading day and reaching a new high. The Philippine peso's performance was at the bottom, approaching an all-time low, falling below the 1 dollar to 62 pesos mark that the market is focusing on; the market is worried about the oil importer's external financial situation and upward pressure on inflation.

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