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Europe’s EM currencies best in 2012

Posted on 04 January 2013

The currencies of eastern Europe have emerged as the best performers of 2012 in the forex market, shrugging off both weaker growth in the eurozone and domestic funding issues as investors flocked to higher interest rates in Hungary and Poland.
The Hungarian forint and the Polish zloty have both risen 11 per cent against the US dollar in the past 12 months, making them the strongest performing of the world’s major currencies this year………………………………………..Full Article: Source


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