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BRIC currencies set to snap losing streak

Posted on 17 October 2011

All four BRIC currencies - the Brazilian real, Russian rouble, Indian rupee and Chinese yuan - will recoup at least some of their recent heavy losses over the next 12 months, a Reuters poll showed on Wednesday.
The latest Reuters BRIC FX survey showed the real, rouble and rupee recovering slowly after diving more than 10 percent against the dollar over the last three months, as low borrowing rates in sluggish developed economies force investors to seek yield in dynamic emerging markets……………………………………….Full Article: Source


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