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Back in black for EM FX reserves
Weekly investor research
07 August 2017
In aggregate EM FX reserves have declined in recent years, but this was caused by the fall in reserves in a small number of countries. In the vast majority of EM countries reserve levels have continued to rise despite lower commodity prices, a stronger Dollar, capital flight and Fed hikes. Reserves are now showing signs of stabilising in large oil countries and China. This Weekly also covers news from Venezuela, South Korea, Brazil and Kenya plus some index news, the snippets and a discussion of the main developments in the global backdrop.