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Aug 6, 2014
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Jul 15, 2014

Emerging central banks rebuild hard currency reserves

LONDON, July 14 (Reuters) – Hard currency reserves across
emerging markets excluding China have surged by around $100
billion from levels at the end of 2013 as central banks exploit
this year’s buoyant investment inflows to refill their depleted

With an eye on the day when U.S. interest rates eventually
start to rise, policymakers in emerging economies are actively
buying dollars. They see them as a bulwark against the kind of
selloff that ravaged their markets last year due to signs that
the U.S. bond-buying programme could soon be wound down.

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