Emerging-market currencies snapped an eight-day winning streak on Monday as hopes faded for an imminent peace deal, even though President Donald Trump tried to calm market jitters by saying talks with Iran are moving at a “rapid pace.”

Emerging-market currencies snapped an eight-day winning streak on Monday as hopes faded for an imminent peace deal, even though President Donald Trump tried to calm market jitters by saying talks with Iran are moving at a “rapid pace.”