(Bloomberg) -- Mexico's peso fell to a four-week
low as speculation the rout in subprime mortgages is spreading
drove investors away from emerging-market securities.
Emerging-market debt could be volatile for at least the
next two weeks as earnings reports from companies hurt by the
U.S. housing market disappoint investors, said Netherlands-based
ING Bank NV in a report today. U.S. home resales fell last month
to the slowest pace in almost five years.
Read more at Bloomberg Currencies News
low as speculation the rout in subprime mortgages is spreading
drove investors away from emerging-market securities.
Emerging-market debt could be volatile for at least the
next two weeks as earnings reports from companies hurt by the
U.S. housing market disappoint investors, said Netherlands-based
ING Bank NV in a report today. U.S. home resales fell last month
to the slowest pace in almost five years.
Read more at Bloomberg Currencies News
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