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Markets Now: ECB Adds to Emerging Market Pain

Want to know why the Dow Jones Industrial Average is doing what it's doing? 6:13 p.m. Emerging markets currencies continued to slide on Thursday amid hawkish signals from the US Federal Reserves, the resurgence of US dollar, and the European Central Bank's decision to phase out its bond-buying program. There’s a good reason for emerging-market weakness in the face of tighter developed-market monetary policy.