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Emerging-market currency turmoil

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Emerging-market currency turmoil

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Apparently triggered by the US Federal Bank's reduction in quantitive easing, this week turmoil has struck the global money markets

with some of the major emerging economies being particularly badly hit. Turkey, Brazil, Argentina, South Africa and India are approaching the challenge in different ways, with the Turkish government for instance, more than doubling a key rate to 10%

The message for traders? Be cautious for the moment but opportunities are likely to arise for the fleet-of-foot soon enough once the dust beings to settle.

Wade World Trade

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