Several emerging market currencies hit session highs after better-than-expected US housing data, particularly as they track gains in US stocks. Higher-yielding assets have suffered from a lack of good news lately, given fiscal cliff and euro-zone risks. But analysts say continued recovery in the US would be enough to anchor the global economy and help keep emerging-market growth on the upward track. In addition, markets also seem to be pricing in good news from Tuesday's meeting of euro-zone finance ministers. USD/MXN down 0.4% at 13.0803, while EUR/HUF is now down 0.6% at 282.76, marking HUF's strongest levels in about one week.
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