2012.05.08 16:22:32 MARKET TALK: EM Forex Slides To Wave Of Session Lows

10:22 (Dow Jones) The dollar is moving to session highs against a not just the likes of the euro but emerging-market currencies as well. With euro-zone worries escalating once again and the pace of global growth uncertain, emerging-market currencies seem to be falling back into their old pattern of tracking developed markets. The Mexican peso is trading at its lowest level since January 2011, with the dollar at MXN13.3041, while the South African rand is down 1.5% at ZAR7.9161. (erin.mccarthy@dowjones.com) Call us at (212) 416-2354 or email kevin.kingsbury@dowjones.com (END) Dow Jones Newswires May 08, 2012 10:22 ET (14:22 GMT)