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Moody’s: Currency weakness will primarily impact sovereigns with large external imbalances in Latin America

New York, June 04, 2018 — A number of emerging market countries, including several in Latin America, have experienced currency depreciations and a decline in foreign exchange reserves in recent months. The tightening of monetary policy by the Federal Reserve and country-specific macroeconomic imbalances have affected capital flows to emerging markets. “To the extent that ...