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Search for yield to hold EM debt steady

Market anticipation of lower rates for longer globally leave emerging markets as one of the last outposts available to investors for generating income.

A MODERATELY more hawkish Federal Reserve, which on Wednesday opened the door wider for a December rate hike, will perhaps stall a recovery in emerging market currencies.

But the global search for yield will most likely keep dollar-denominated emerging market debt from retreating in price

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