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Mayday, mayday: Analysts issuing warnings on emerging market currencies
They point out that MSCI Emerging Markets Currency Index has fallen in May in six of the past seven years
Add BT as a preferred sourcePublished Fri, Apr 28, 2017 · 09:50 PM
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Singapore
BLAME dividend payments, weddings in India, or simply plain profit-taking. Developing-nation currencies could be in for a rough month in May, if history is any guide.
The MSCI Emerging Markets Currency Index has fallen in May in six of the past seven years, a seasonal quirk that's prompted Citigroup Inc. and Credit Suisse Group AG to warn investors that the gauge's five-month winning streak may be coming to an end.
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