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Of the 31 major currencies tracked by Bloomberg, traders are most bearish on Argentina's peso, Turkey's lira, Hungary's forint, Indonesia's rupiah and South Africa's rand, while the forwards market signals that Ukraine's hryvnia will fall 20 percent in a year.The lira fell to a record 2.39 per dollar and the rand tumbled to a more than five-year low of 11.3909 last month.Kazakhstan's central bank devalued the tenge by the most since 2009 Tuesday after its international reserves dropped to about the lowest since 2009, while Argentina spent $25 billion since March 2011 defending the peso, driving the stockpile to a seven-year low.Since then, the currency has rallied 2.8 percent, the best performance among 31 major currencies after the lira and Australian dollar.Ukrainian policymakers let the hryvnia plunge to a five-year closing low of 8.855 per dollar on Feb. 6 after spending 54 percent of its reserves since April 2011 to keep the currency steady.The rupiah gained 0.7 percent this year to 12,085 per dollar.
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