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Draghi still 'super Mario' to dollar-thirsty emerging markets
Published Mon, Dec 7, 2015 · 09:50 PM
London
THE European Central Bank (ECB) president may still be "Super Mario" in emerging markets.
While Mario Draghi last week disappointed most investors in easing the euro-area's monetary stimulus by less than they expected, the resulting slide in the dollar against the euro provides some short-term relief to those developing economies long debt in the greenback and suffering from its recent surge.
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Central banks will probably only cut half as much as they hiked