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Can Emerging Markets Dodge an Emerging Disaster?

John Jagerson

In today's Daily Market Commentary webinar, we had several questions about the decline in Brazilian stocks, like Petrobras ( PBR), and the Brazilian currency, the real. Widespread declines in EM currencies including the real, Turkish lira, and Chinese yuan preceded the bearish shocks the market experienced in the last half of 2015. When the U.S. dollar (USD) rises in value, international investors are often attracted to USD assets including bonds and stocks available on U.S. exchanges.