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Luzern
Supreme |
05-Sep-2018 09:44
Yells: "Holding Cash is also a Strategy." |
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Emerging-Market Contagion Fear Sparks Deepening Rout: Inside EMBloomberg News&lrm September&lrm &lrm 4&lrm , &lrm 2018&lrm &lrm 10&lrm :&lrm 32&lrm &lrm AM Updated on &lrm September&lrm &lrm 5&lrm , &lrm 2018&lrm &lrm 4&lrm :&lrm 18&lrm &lrm AM
Emerging markets sold off anew Tuesday as South Africa entered a recession and Indonesia&rsquo s rupiah joined currencies from Turkey to Argentina in tumbling toward record lows, reinforcing concern that contagion risks are too big to ignore. ................................................................................
MSCI Inc.&rsquo s index of currencies dropped for a fifth time in six days, the lowest close in more than a year. The rand led global declines as data showed the economy fell into a recession last quarter. Turkey&rsquo s lira slid onworry the central bank will disappoint investors at its rate meeting next week, while the Argentine peso slumped to a record and Indonesia&rsquo s rupiah sank to the lowest in two decades even after the central bankintensified its fight to protect it. |
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