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Currencies pressed by trade imbalances

Posted on 14 March 2013

The strong performance of many African economies can come with an old fashioned sting in the tail. With import demand outstripping export growth in some of the continent’s fastest expanding economies, rising trade imbalances are putting pressure on currencies.
African and international investors hedge against this by spreading risk – one factor that is driving African banks and businesses across borders…………………………………….Full Article: Source


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