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WisdomTree: Emerging Market Currencies: What’s Driving the Brazilian Real’s Strong Outperformance?

Four months into 2014, the Brazilian real is the strongest-performing currency across the broader emerging markets (EM).1 With most other major currencies mixed against the U.S. dollar year-to-date, what is driving the nearly 7% return for the real? In our view, a variety of forward-looking factors...
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