What goes up must come down
MARKET VOICE
The Mexican peso and the Polish zloty were the top emerging markets FX performers last year, but what will 2002 bring? Claudio Piron (pictured), head of FX strategy at Standard Chartered Bank in Singapore, weighs up the evidence
In 2001 the Turkish lira, South African rand and the related Botswanan pula were the worst performing currencies against the US dollar, falling by 53.8%, 36.6% and 23.8% respectively. At the time of writing, they are now the top three performers so far this year. Needless
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