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.”

Ashmore Group is launching a Mexican equities fund as it looks to capitalize on investments by the country’s rapidly growing pension fund system.

Mexican real estate investment trust Fibra MTY said it’s acquiring peer Fibra Macquarie after the latter’s shareholders backed the transaction.

Investors say the time is right for state-owned Petroleos Mexicanos SA to sell global bonds for the first time in more than three years.

Most emerging market currencies advanced Tuesday as Iran and the US stepped back from some of the hostile rhetoric that had marked previous days, boosting risk sentiment.

Currencies in the developing world sank after a blowout US jobs report provided the clearest sign yet that the labor market is breaking out of a prolonged period of lackluster hiring, undercutting the case for rate cuts from the Federal Reserve.