Davos 2014: Mexico finance minister sees emerging markets volatility as Fed cuts stimulus
Friday, January 24, 2014 - 05:22
Mexican Finance Minister Luis Videgaray says current volatility in currency markets will have some effect on Mexico, but that his country is ''well-positioned to weather the currency storm.''
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We. Expected easier to be the year volatility for emerging markets -- As for the owners are stuck to stop the the unconventional stimulus but there's two -- and had I think that's what is happening uses the markets start into it just portfolios and out of emerging markets. And if each country's huge this is different. And the way to community can respond and the fundamentals of each country different. I think that those countries that's how about a more robust mark Republican environment. That don't have any me any significant. Imbalances. Are a bit of preferred than those of the those those who have some weaknesses. May be more vulnerable to -- the crisis you're not aware of anything specific that started this route the Gypsy. And no and no not noticing but does -- degree I don't know. Basis this is something that is we were all expecting an adjustment in portfolios and that it happened some of that happened over last year. And will continue to Toulouse. To happen. You're the currency commissioners to -- you'll you'll you'll currency you're off about three and -- the -- months. Your off about three point six point 7% today. What point might you think about into the market. We we first follow as a as a policy and you the bank Central Bank -- this defiance provides. It at an opinion -- what do of the action -- level. We we. Strongly believe -- -- a truly fluctuation strict we're so planned -- and fix the victory every -- That our concern would be if you -- in the market this is tempered and right now we don't see any. April with the president isn't in the best in the -- -- campus incidents. And this would be an option. Are we would intervene. To provide and -- into the market the -- specifically.
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