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Emerging market currencies rally, but will it hold?

Posted on 01 December 2011

Most currencies of emerging economies held on to their sharp rise against the dollar Wednesday, making market participants wonder if the rally would hold or fade on the next scare.
The South African rand and the Mexican peso, both used as proxies for risk, at one point surged more than 2% against the dollar, indicative of a strong recovery in investors’ risk appetite………………………………………..Full Article: Source


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