The emerging market currency index is expected to rise for the 10th week in a row, setting the longest continuous rise since 2007, even though Friday's US employment report, which greatly exceeded expectations, stirred up the global market for a while. The MSCI Emerging Markets Currency Index rose 0.4% on Friday, and the cumulative increase this week is expected to reach 0.7%. After the sharp rise in US employment data in August, the index narrowed its gains for a short time; employment data prompted traders to increase their bets on the Federal Reserve's interest rate hike, driving the dollar higher. The Brazilian real and the South African rand hit intraday lows for a while, then recovered some of their losses. Traders will keep an eye on next week's US inflation data to further calibrate expectations for the Federal Reserve's September 16 policy decision.

The emerging market currency index is expected to rise for the 10th week in a row, setting the longest continuous rise since 2007, even though Friday's US employment report, which greatly exceeded expectations, stirred up the global market for a while. The MSCI Emerging Markets Currency Index rose 0.4% on Friday, and the cumulative increase this week is expected to reach 0.7%. After the sharp rise in US employment data in August, the index narrowed its gains for a short time; employment data prompted traders to increase their bets on the Federal Reserve's interest rate hike, driving the dollar higher. The Brazilian real and the South African rand hit intraday lows for a while, then recovered some of their losses. Traders will keep an eye on next week's US inflation data to further calibrate expectations for the Federal Reserve's September 16 policy decision.