Jon Adams, Portfolio Manager, Currency, Global Investment Solutions (Chicago)“From my perspective, one big move over the last few weeks has been the selloff in emerging market currencies versus the US dollar. We’re having a very hard time seeing how that trend turns around in the short term. We think the selloff has further to go, especially in the case of currencies like the Indian rupee and South African rand that rely on extensive foreign financing.”
UBS Global Asset Management: Fed Facilitating A Controlled Descent, Or Prompting A Sugar Crash?
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