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Commodities Briefing - Categorized | Currencies more

Emerging market turmoil, not another Asian currency crisis

Posted on 26 August 2013

Plunging emerging market currencies on the prospect of US stimulus tapering have stirred memories of the 1997 Asian financial crisis, but analysts doubt a similar catastrophe is in the making.
“There are negative linkages (now) but I don’t think that we are in a repetition of the 1990s crisis,” said Jean Medecin, a member of the investment committee at the Carmignac Gestion asset manager………………………………………..Full Article: Source


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