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APAC currencies to falter after rate hike, China and Singapore “overweight”

The 25 bps Federal Fund rate hike announced yesterday was as small in scale as the market has expected, but as UBS tells Asian Private Banker, a stronger dollar will have as much as a 5% effect on APAC currencies going forward in 2016. Philip Wyatt, chief regional Asia economist at UBS CIO Wealth Management, believes that the dollar should…

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