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Emerging markets currencies dive on Fed

Posted on 20 June 2013

The Mexican peso and other emerging-market currencies dived against the dollar Wednesday after Federal Reserve Chairman Ben Bernanke said the Fed could moderate its asset purchases later this year.
While the Fed left its current policy stance unchanged, it also provided a more optimistic outlook for the world’s largest economy and a potential timeline for ending the central bank’s bond buying. Bernanke said if the economy progresses as the central bank expects, the Fed will begin pulling back on asset purchases later this year and could end the stimulus measure in the middle of 2014………………………………………..Full Article: Source


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