Emerging market assets fell on Wednesday as dollar extended winnings on a bet that that of Donald Trump the new American administration will benefit from strong support to enforce its policies.

MSCI’s Emerging Market stock market index slipped as much as 0.8%, sliding for a fourth straight day for its longest losing streak in three weeks. The index erased $650 billion in market capitalization over this period. Meanwhile, a gauge of emerging market currencies oscillated at its lowest level in three months, undermined by the rise of the dollar to its highest level in two years against a basket of currencies.