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Report: Currency risks cloud emerging-market horizon, Nomura analysis finds

A study of 30 emerging markets has identified Sri Lanka, South Africa and Argentina as countries facing the highest potential risk of a currency crisis in the next 12 months, the Financial Times reported.

The study from Nomura also cited Pakistan, Ukraine, Turkey and Egypt as countries that scored the highest in an index assessing factors such as political stability, refinancing need and foreign-exchange reserves.

Countries at the other end of the spectrum included Thailand, Russia and the Philippines.