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Emerging markets feel the taper – Sober Look

This is a syndicated repost published with the permission of Sober Look. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

As the realization of imminent reduction of the Fed’s ongoing stimulus program sets in, emerging markets come under pressure. It is becoming clear to investors that some of the strength in emerging markets in recent years was induced by the Federal Reserve’s policy of monetary expansion. And now it’s time to face reality.

After the US jobless claims number came out, the usual suspects got hit with sharp currency declines (USD rose).

Brazil
USD/BRL
South Africa
USD/ZAR
Turkey
USD/TRY

SoberLook.com

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