(Bloomberg) - The world's biggest foreign-exchange traders say the best performing emerging market currencies will decline against the U.S. dollar this year as economic growth slows and price swings increase.
Brazil's real, Turkey's lira and South Africa's rand may weaken at least 3.75 percent after gains of more than 14 percent in 2007, according to the median forecasts of banks and securities firms surveyed by Bloomberg News. The lira and rand last fell in 2006, while the real has strengthened for five straight years.
Read more at Bloomberg
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment