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By: Benzinga
January 23, 2013 at 17:06 PM EST
EM Currencies Have Tailwinds
Even with a spate of interest rate cuts throughout the developing world in 2012, investors embraced bonds denominated in emerging markets currencies. Despite slack performances by major emerging markets currencies such as the Brazilian real and the South African rand, 2012 was a sturdy year for developing world currencies, a
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