Pictet Favors India, Brazil and Mexico as Fed Unleashes Dollars

Pictet Favors India, Brazil and Mexico as Fed Unleashes Dollars

Dado Galdieri/Bloomberg

Within eight months of the Fed unveiling $300 billion of note buying in November 2010, the real rallied to the strongest level since 1999 and the rupee and the peso reached three-year and 30-month highs, respectively.