Credit where it’s due in historic Fed rate rise — but EM countries feel the FX
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Derivatives

Credit where it’s due in historic Fed rate rise — but EM countries feel the FX

Good news from the US Federal Reserve — in the form of a more dovish rate announcement than some market participants had expected — brought a sanguine close to a turbulent week for credit derivatives and boosted equity markets, but only added to the pressure on emerging market countries and their currencies.

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