EMERGING MARKETS-Ukraine's currency hits four-year low as weekend protests near | Reuters:
"Ukraine's hryvnia slipped to new four-year lows on Friday while depreciation bets on the currency intensified on expectation that the near-bankrupt country will hurtle into crisis without a speedy aid infusion.
Across other emerging markets, currencies came under pressure against the dollar ahead of next week's meeting of the U.S. Federal Reserve which some expect will signal the start of the stimulus wind-down.
Focus remains on Ukraine however. With Kiev due to hold talks with Russia next week, anti-government protesters were preparing for a fresh weekend rally. The European Union, meanwhile, is holding out the promise of aid provided Ukraine signs a trade pact that it ditched last month.
But the political turmoil has put the economy into deep-freeze, and raised questions about how the country will defend its currency peg to the dollar and repay debts."
'via Blog this'
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