On the eve of the Jackson Hole meeting, emerging market currencies soar to new highs

Ahead of the annual meeting of the Jackson Hole Federal Reserve, the emerging market currency index has reached a historical high, benefiting from investors' increased interest in high-risk assets. The Chilean peso and the Brazilian real have performed well, with stock markets in developing countries also rising. Analysts point out that improved US economic data is affecting market sentiment, with traders focusing on Federal Reserve Chairman Powell's speech for monetary policy clues. At the same time, the Bank of Japan's interest rate hike is also having an impact on the market. Both the South African rand and the Brazilian real have reached new highs in a year