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Currency pegs look shaky after emerging market rout

Posted on 20 February 2014

The devaluation of Kazakhstan’s rouble-shadowing tenge has left investors wondering which other closely managed emerging market currencies might be next, with those of commodity exporters like Nigeria and Angola in the spotlight.
The free-floating currencies of the ‘Fragile Five’ countries that rely on foreign investment to finance deficits - Brazil, India, Indonesia, Turkey and South Africa - felt the brunt of an emerging market sell-off that began last May………………………………………..Full Article: Source


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