Emerging markets aim to boost currencies, slow capital flight

07/8/2013 | Reuters · Financial Times (tiered subscription model) · Reuters

Emerging-market central banks are expected to follow the lead of Turkey, which has intervened to prop up the lira, and prevent mass withdrawal of foreign capital. Swaps pricing indicates a possible collapse of emerging-market currencies. Such currencies are under pressure because of concern that strong jobs data will persuade the Federal Reserve to curb bond buying sooner than expected.

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Reuters · Financial Times (tiered subscription model) · Reuters

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