A board showing the Brazilian Real-US dollar and several other foreign currencies exchange rates in Rio de Janeiro, Brazil on April 4. The upside for currencies in EM markets, such as Brazil, seems to have been been capped lately. Photo: Reuters
A board showing the Brazilian Real-US dollar and several other foreign currencies exchange rates in Rio de Janeiro, Brazil on April 4. The upside for currencies in EM markets, such as Brazil, seems toShow more

Why emerging-market currencies are not living up to expectations




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