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Foreign Exchange

EM currency index returns bounce back in October

Emerging market currency indexes bounced back to positive returns in October after a turbulent September, although returns have lagged behind their equity counterparts, according to data from an independent index provider.


The passive, fully funded currency indexes provided to euromoneyfxnews show emerging market currencies produced an average return of 7.13% in October, a big turnaround from the losses experienced during the previous month as investors abandoned higher-yielding currencies in favour of safe havens.....


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