Emerging Markets Approach Awful August Amid Signs of Complacency

Developing-nation currencies tend to decline during August
Moderate volatility suggests some may be underestimating risks

Vendors handle sweets and snacks in a store inside the Pasar Senen market in Jakarta, Indonesia, on July 8. — Vendors handle sweets and snacks in a store inside the Pasar Senen market in Jakarta, Indonesia, on July 8.Photographer: Dimas Ardian/Bloomberg

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By Adrian Krajewski and Netty Idayu Ismail

July 28, 2020 at 12:27 PM UTC

Updated on

July 29, 2020 at 12:00 AM UTC

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Some investors may be sleepwalking into one of the riskiest months for emerging markets.