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Markets Ready to Move on Venezuela Result

Oct 8, 2012

Venezuela had yet to announce Presidential election results late Sunday night, with analysts expecting the market reaction to depend both on the margin of victory and the behavior of the loser. “If [President Hugo] Chavez wins and the differential is very tight, the selloff might be contained....

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management