| A whirl of global forces bore down on emerging-market currencies Thursday, as investors assessed the damage from the slide in commodities prices and concerns about China’s economy. The mood soured on currencies from South Africa’s rand to Kazakhstan’s tenge, with some forecasting the slide could get steeper.
“It’s a total carnage in commodity currencies,” said Piotr Matys, an emerging-markets analyst at Rabobank in London. Policy makers in many emerging-market countries are struggling to cope with several factors beyond their control that have combined to hit their currencies hard...............................................Full Article: Source
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