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Emerging currencies may be facing calm before the storm

Investors may be underestimating US Federal Reserve's will to raise interest rates, analysts say

Speculation is growing that Ms Yellen will raise US interest rates before 2015 is out, though probably in December rather than earlier in the year.


EMERGING-MARKET currencies have become a relative sea of calm amid Greece's debt crisis and China's collapsing stock prices, marking a level of complacency that strategists say is destined to end badly.

JPMorgan Chase & Co indexes show that volatility in the exchange...