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EM currencies allowed to slide after yuan

Fears of slow global growth, depressed oil and gas prices lead govts to let values drop

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The world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following China's devaluation of the yuan and the US dollar's strength in anticipation of US rate hikes.

London

THE world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following China's devaluation of the yuan and the US dollar's strength in anticipation of US rate hikes.

The currencies of emerging nations in Asia have especially