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Emerging currency rout to squeeze European profits on consumer staples

Posted on 04 September 2013

European companies that have ridden a boom in sales to Brazilian, Indian and South African consumers now face an uncomfortable third quarter as currency routs crimp demand and weigh on profits.
Consumer staples companies are expected to bear the brunt of prolonged currency weakness in these and other prominent emerging economies since the U.S. Federal Reserve began to talk of running down the policy that has pumped cheap cash around the world………………………………………..Full Article: Source


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