Gabriela Siller and South African Rand

South African rand: Forecasts for major emerging currencies such as the Brazilian real, the South African rand and Turkish lira were mostly unchanged or revised down from an August poll as analysts accounted for the sharp losses of recent weeks, fuelled by concerns of an historic stock market rout in China, according to Euro News. A profound deceleration of the Chinese economy may turn into a key factor that favours the demand for safe-haven assets, lowering the demand for emerging market currencies, Banco Base economists led by Gabriela Siller said in the survey. While speculation over U.S. interest rates will also weigh heavily, with only a few days to go until a Federal Reserve meeting in which some economists say it could raise rates, the chances of China devaluing its currency further is likely to hold more sway over financial markets. The poll results come as finance ministers and central bankers from the G20 economies meet in Ankara. The real, trading at a 13-year low of 3.75 per dollar, is forecast to stay close to that level in 12 months, at 3.70 per dollar. The revised estimates fall short of predicting a reprise of the recent sell-off, projecting instead a relatively stable outlook over the next 12 months for currencies prone to violent swings. (news.financializer.com). As reported in the news.