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Like EM defensives; see more pain for currencies: Macquarie

Richard Gibbs, global head, Macquarie Securities says the current corrections seen in the global market is due to two major risks- the geopolitical crises in Middle East and the economic risk coming from the United States on the back of tapering of the quantitative easing(QE).

first published: Jul 3, 2013 12:43 pm

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