20.02.2014 - Currency pegs look shaky after emerging market rout
The devaluation of Kazakhstan's rouble-shadowing tenge has left investors wondering which other closely managed emerging market currencies might be next, with those of commodity exporters like Nigeria and Angola in the spotlight. The free-floating currencies of the 'Fragile Five' countries that rely on foreign investment to finance deficits - Brazil, India, Indonesia, Turkey and South Africa - felt the brunt of an emerging market sell-off that began last May...............................................Full Article: Source
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