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GLOBAL MARKETS-Asia stocks, currencies wobble as Fed flags more hikes
[Reuters] - SYDNEY/TOKYO, Dec 15 (Reuters) - Asian shares and currencies softened on Thursday after the Federal Reserve raised rates for the first time in a year and hinted at the risk of a faster pace of tightening than investors were positioned for. Yields on short-term U.S. debt surged to the highest since 2009, sending the dollar to peaks not seen in almost 14 years, which in turn prompted China's central bank to set the yuan at its weakest level against the greenback since 2008. The Fed's anticipated policy path, and expectations U.S. President-elect Donald Trump will set growth on a higher gear, are keeping Asian policymakers on edge as capital gets sucked out from the fragile export-dependent regional economies toward dollar-based assets.
GLOBAL MARKETS-Asia stocks, currencies wobble as Fed flags more hikes - Yahoo Finance
[Reuters] - SYDNEY/TOKYO, Dec 15 (Reuters) - Asian shares and currencies softened on Thursday after the Federal Reserve raised rates for the first time in a year and hinted at the risk of a faster pace of tightening than investors were positioned for. Yields on short-term U.S. debt surged to the highest since 2009, sending the dollar to peaks not seen in almost 14 years, which in turn prompted China's central bank to set the yuan at its weakest level against the greenback since 2008. The Fed's anticipated policy path, and expectations U.S. President-elect Donald Trump will set growth on a higher gear, are keeping Asian policymakers on edge as capital gets sucked out from the fragile export-dependent regional economies toward dollar-based assets.
GLOBAL MARKETS-Asia stocks, currencies wobble as Fed flags more hikes - Yahoo Finance
