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Analysts who warned of emerging-market rout expect painful 2019
The modest rally in currencies since September, led by Turkey’s lira, Brazil’s real and South Africa’s rand, is temporary, with slower global growth and additional tightening by the Federal Reserve set to continue to weaken developing-nation currencies.
The modest rally in currencies since September, led by Turkey’s lira, Brazil’s real and South Africa’s rand, is temporary, with slower global growth and additional tightening by the Federal Reserve set to continue to weaken developing-nation currencies.