Emerging-market equities and debt securities traded with minimal movement on Tuesday. Little change in prices reflected the impact of a stronger US dollar and reduced market activity due to holidays in major economies like China and South Korea. This pause underscores the market's sensitivity to currency shifts and seasonal trading patterns. Dollar strength often pressures EM assets as investors seek relative safety in US assets, while holiday closures naturally thin liquidity. The firmer dollar and thin volumes highlight the cautious sentiment prevailing in these markets amid ongoing Federal Reserve policy uncertainty.