| Emerging market currencies soared Wednesday, relieved by the strong production figures from manufacturers across the globe. The South African rand breached ZAR7.70 against the dollar Wednesday for the first time since Oct. 28. Similarly, the Hungarian forint and Polish zloty firmed against the euro to levels seen last fall.
Investor sentiment was markedly positive on the back of strong production numbers in China, Europe and the U.S. Emerging market investors say the data helped alleviate fears of a slowdown in developed markets and the spillover into emerging economies, especially those in Europe, Middle East and Africa...............................................Full Article: Source
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