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Emerging market currencies edge higher in cheerier markets

Posted on 06 December 2012

Most emerging-market currencies edged higher Wednesday as investors took on a more optimistic tone on the back of hopes for more economic stimulus policies in China.
Market participants ramped up expectations for Chinese economic stimulus in response to comments by China’s new generation of leaders, led by party chief Xi Jinping, that urbanization and the construction of public housing in the country would be stepped up. Emerging market investors look to growth in the world’s second-largest economy as a key economic engine for much of the developing world………………………………………..Full Article: Source

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