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Turkish Contagion Spreads as Emerging-Market Currencies Slump

Turkish Contagion Spreads as Emerging-Market Currencies Slump

A plunge in the South African rand and a slump in the Mexican peso were symptoms of the growing contagion in emerging-market currencies Monday as the financial turmoil in Turkey sapped demand for developing-nation assets. The MSCI Emerging Markets Currency Index fell to the lowest level in more than a year as Turkey’s lira tumbled […]