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Emerging-market currencies mixed as markets return to normal

Posted on 01 November 2012

Emerging-market currencies were mixed Wednesday, as many investors who had been sidelined during Hurricane Sandy returned to work without an appetite for risk. Early in the session, a weaker-than-expected U.S. manufacturing gauge tempered market sentiment. The Chicago Business Barometer came in at 49.9, missing the consensus forecast of 51.0.
Investors are becoming increasingly defensive in their positioning as the U.S. presidential election draws nearer, preferring to sell currencies that have profited so they can sit the fence………………………………………..Full Article: Source


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