Emerging-market currencies get a boost on hopes the hit to growth will delay Fed taper.
By Joseph Ciolli, Bloomberg|October 02, 2013 at 08:45 AM|Originally published on Treasuryandrisk.Com
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The first U.S. government shutdown in 17 years is stoking speculation that the longer it lasts, the more likely the Federal Reserve will delay reducing its monetary stimulus program, boosting emerging-market currencies at the expense of the dollar.