G-10 troubles fuel sell-off in EM currencies
Widespread risk-off sentiment in the foreign exchange markets and a flight to safe-haven currencies such as the US dollar have taken their toll on investors in emerging market and commodity currencies, according to strategists and traders, who cite the depreciation of the Korean won and Thai baht as examples.
USD/KRW and USD/THB were trading at 1,181 and 30.78 respectively on October 7, up from 1,069 and 29.88 on September 7, according to data from Thomson Reuters. Uncertainty in Europe and the
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