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Emerging market currencies mostly gain on investor optimism

Posted on 21 November 2012

Emerging market currencies were mostly stronger, with investors turning optimistic that the U.S. fiscal cliff will be avoided.
Still, until the budget problems threatening the fiscal cliff are resolved and there’s also a debt solution in Europe, emerging market currencies are expected to trade choppily. “Emerging markets are not that attractive in general ahead of the fiscal cliff,” said Jose Wynne, head of North America foreign-exchange research at Barclays……………………………………..Full Article: Source

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