| How far the emerging market currency sell-off has to go is the million dollar question that few - at the minute - would dare to answer. Since the first week of August, when the turmoil began, the Brazilian real, Indonesian rupiah and Mexican peso have all fared particularly badly, and of the top 10 fallers, eight also capitulated to the slide back in May.
While the main catalyst for each of these bouts of unrest has remained unchanged - investor's fear of the Federal Reserve's tapering plan - this time additional stresses and strains are also at play, and all of them have thrust a spotlight on to emerging markets' weaknesses...............................................Full Article: Source
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