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CURRENCY SQUEEZE

US$ rise hits emerging market borrowers

China, Brazil, India, Indonesia and other Asia sovereign and corporate debts have largely been in US currency since 2009

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The surge of the US dollar is squeezing emerging-market and other sovereign and corporate borrowers.

London

THE surge of the US dollar is squeezing emerging-market and other sovereign and corporate borrowers.

So much so that interest and repayments of foreign debt are underpinning the US currency, especially against Asian and other emerging- market currencies.

When China,

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