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Emerging-market currency 2013 cheat sheet: Selective gains

Posted on 21 December 2012

Emerging-market currencies could go from this year’s laggards to next year’s outperformers, investors and analysts say. Most currencies from the developing world rose slightly against the dollar in 2012, but couldn’t compete with returns from emerging-market dollar-denominated debt.
The MSCI EM Currency (USD) index is up about 5% year-to-date, while emerging-market sovereign dollar-denominated debt has soared to see total returns of 18%, according to a Barclays index………………………………………..Full Article: Source


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