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Currencies are melting down all over
Tuesday, August 18, 2015 11:42
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For a long time, Morgan Stanley (MS) has kept a list of emerging market currencies that were running the worst account deficits and faced the greatest risk of being devalued against the Dollar. Those currencies are:
Brazil’s Real
India’s Rupee
Indonesia’s Rupiah
Turkey’s Lira
South Africa’s Rand
It’s been a good list and all of those economies have suffered considerably against the rising Dollar over the past few years but now China is giving some of these countries a double-whammy as they adjust their own currency and MS has added 10 names to their currency watch list (some overlap) and we should now also be concerned about …. http://investmentwatchblog.com
Source: http://luismmx.blogspot.com/2015/08/currencies-are-melting-down-all-over.html
