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Emerging market currencies gain except for emerging Europe

Posted on 07 December 2012

Emerging market currencies were mixed on a day that saw these currencies break free of their previous trading patterns. In the backdrop of a weaker euro, and a weaker outlook for the euro zone after a European Central Bank meeting, emerging market currencies typically would have also sold off.
On Thursday, the underperformance was limited to emerging European currencies, while other regions fared modestly well………………………………………..Full Article: Source


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