Saxo Bank 10 Outrageous Predictions for 2014 (y 2)

The expected tapering of quantitative easing in the US will lead to higher marginal costs of capital from rising interest rates. This will leave countries with expanding current account deficits exposed to a deteriorating risk appetite on the part of global investors, which could ultimately force a move lower in their currencies, especially against the US dollar. We have put five countries into this category - Brazil, India, South Africa, Indonesia and Turkey.

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