| 19.05.2011 - Emerging market currencies edge up as commodities recover |
| Several major emerging-market currencies reclaimed gains Wednesday as a recovery in commodity prices encouraged investors to seek higher yielding, riskier currencies. Emerging-market debt also strengthened versus U.S. Treasurys. The risk premium on the J.P. Morgan Emerging Markets Bond Index Global, or Embig, tightened by 9 basis points to 297 basis points over Treasurys, while in price terms its index rose 0.2%..............................................Full Article: Source |