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"Dollarised" emerging economies may be heavily impacted by Fed hike

Dollarised economies like Indonesia may be further hurt by the rate hike, Deutsche Asset Wealth Management (AWM) APAC chief investment officer tells Asian Private Banker. Sean Taylor believes that the hike was not just a move to restore confidence in the market, due to the US Federal Reserve’s prolonged approach in introducing the hike for the last 12 months. “Of…

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