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Emerging-market currencies dip with Europe in focus

Posted on 16 November 2011

Emerging-market currencies weakened Tuesday as investors remained focused on the euro-zone’s escalating sovereign debt crisis, though emerging-market sovereign debt was little changed.

Despite positive economic data from the U.S. that marginally helped lift U.S. equities and global commodities, emerging-market currencies were unable to take advantage of any increase in risk appetite. Emerging European currencies, along with the highly risk-sensitive South African rand, suffered the heaviest losses as rising yields in European government bonds overshadowed higher-than-expected October retail sales in the U.S……………………………………..Full Article: Source


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