TROW · 10-Q · 2026Q3 · Full report

FX / Currency Impact

PRICE T ROWE GROUP INC · 2026-10-29 · Importance 10 · Surprise 6

During the third quarter of 2026, weakness in several major currencies against the U.S. dollar reduced U.S.-dollar-based returns on international and emerging-market investments. The U.S. dollar strengthened in September, weighing on currencies in several oil-importing economies. Emerging-market hard-currency debt underperformed local-currency debt as rising U.S. Treasury yields pressured dollar-denominated sovereign bonds.