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The good, the indifferent, and the ugly of emerging-market currencies

Posted on 27 March 2014

The Fed’s decision to taper its monthly asset purchase program has been seen as bullish for the dollar, and in turn it has caused emerging market currencies to fall. In a new report called “The Myth of the great EM currency slump,” Societe Generale’s Klaus Baader writes that the reaction of different currencies has actually been diverse.
“A review of 12 Asia-Pacific currencies reveals that performances over the past two years have been highly diverse and contrary to the notion of a generalized sell-off across emerging markets,” writes Baader, looking at Asian currencies…………………………………Full Article: Source


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