| Europe's emerging-market currencies were volatile Tuesday following steep losses overnight, as fear and panic over the U.S. economic outlook and debt contagion across the euro zone left investors rushing for the exits.
The South African rand--which typically trades in line with Eastern European currencies--was among the biggest losers--falling to its weakest level against the dollar since July 2010--in Asian trading hours before recovering some ground to trade.............................................Full Article: Source
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