FEB, 2012
By Tom Cleveland of Forex Traders
Emerging market economies have been the “darlings” of the investment world over the past decade, and LatAm has not been an exception. Stocks have soared in price, appreciating by sizeable multiples over the period. But 2011 was a year of correction marked by uncertainty, as the long-anticipated global economic recovery stalled and Europe wallowed on the brink of collapse. LatAm economies, highly dependent on the commodity export trade, also stalled, but weakening currencies were welcomed as 2011 concluded.
Currency Trends in 2011
Currency markets were in flux this past year. Uncertainty was the hallmark, driving volatility to levels not seen since the early days of the recession and forcing many investors to the sidelines in search of “safe havens.” To revi....
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