Emerging-Market Currencies to World: Still Risk-Off
Always remember that the future comes one day at a time. --Dean Acheson
On Oct. 23, I discussed the idea that emerging-market currencies were warning of a risk-off period. My reasoning related to the behavior off overseas currencies in emerging economies relative to the U.S. dollar following QE3. I was concerned about the inability of those emerging market currencies to break through resistance -- despite what was supposed to be a period of forced reflation by the Federal Reserve, which should have caused a depreciating greenback....228 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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