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Front notes: Bracing for the turn

Sep 25, 2013

Markets breathed a sigh of relief in September when the US Federal Reserve chose to delay winding down its $85 billion per month bond buying program.

Nowhere relished the news more than the emerging world, where markets had tumbled since the first hint in May that the stimulus would be curtailed sooner than previously thought.

Latin assets, in particular, received a much-needed shot in the arm: stocks, bonds and currencies that had lost ground in the preceding months to a rapidly strengthening dollar, rallied. The...

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