Policies and positioning are key
GLOBAL - With last weekend's G-20 meeting unlikely to generate a concrete monetary response for emerging markets, the actions of governments and central banks will be crucial for the short-term welfare of individual currencies.
"There will be a lot of song and dance, but I can't see how the G-20 is going to come up with a co-ordinated package," said Bhanu Baweja, London-based currency strategist at UBS. "Governments are going to expand balance sheets, which will help EM demand, but much less
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