17.05.2012 - Emerging market currencies remain vulnerable to euro concerns

Emerging market currencies moved sharply intraday, moving in sync with investors' worries about Greece and Europe. During the day, the dollar surged to new highs against the Mexican peso, nearly wiping out the losses of this year. But in New York trading hours, these emerging currencies posted a modest recovery, propped somewhat by clarity on funding to Greece's banks and the prospect of more easing by the U.S. Federal Reserve...............................................Full Article: Source

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