Simon Quijano-Evans

Stocks, currencies fall after Fed's Yellen signals rate hikes

Emerging market stocks fell on Jan. 19 and currencies struggled to make much headway after U.S. Federal Reserve chair Janet Yellen said interest rates should rise steadily, boosting the dollar.

In a Jan. 18 speech Yellen said it made sense to raise rates given that the U.S. economy was close to full employment.