Monday's Currency News

Emerging markets try to steady currencies Central banks are primarily aiming to curb what they see as excessively wild swings in their currencies and want stability, not appreciation Operation Twist has investors moving Traders sell oil, gold, inflation-linked bonds, equities and emerging market securities as the Fed moved away from policies that fanned dollar worries Bureau de change for the worse You can bet your bottom dollar that more than the average number of punters are copping a loss from the gyrations in foreign exchange markets Dark humour and hard talk at IMF meetings Alarm over events in the eurozone, the wider global economy and financial markets dominated the annual gathering in Washington Tricky exit from emerging markets The old joke that emerging markets are those from which you cannot emerge in an emergency could be applied to those nations' sovereign debt, which is suffering from contagion, says John Plender, the counter-intuitive alternative is the dollar