Tue, Sep 23, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Emerging-market currencies slide in ‘panic mode’

Posted on 06 June 2013

The South African rand led a broad-based slide among emerging-market currencies Wednesday as investors grew increasingly jittery ahead of a critical U.S. jobs report. Investors are gearing up for the prospect of Federal Reserve tapering its bond-buying stimulus program.
Expansive Fed monetary policy has been associated with a weaker U.S. dollar and excess market liquidity that has driven investors to seek higher yields in emerging markets. A strong nonfarm payrolls report on Friday would likely affirm expectations of the Fed unwinding such stimulus some time this year, which would remove a pillar of support for emerging-market currencies………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37062 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930