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OverviewAPI
Emerging markets stocks and currencies are poised for annual gains despite subdued performance, with the MSCI gauge of emerging market stocks on track to snap a two-year losing streak and gain nearly 7% for the year. The United States Federal Reserve's dovish stance and positive economic data have fueled investor expectations for rate-cuts, with the December quarter being the best performing period for stocks and currencies index. China's yuan rose to a seven-month high, while Turkey's lira weakened, marking one of the worst-performing emerging market currencies. Central and Eastern Europe currencies were little changed against the euro, with the Hungarian forint set for a 4% annual gain. In South America, a national strike in Argentina is looming as opposition to the government's economic overhaul grows.

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