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Higher US rates will weaken Asian currencies and limit downside for interest rates
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The US central bank on Dec 18 delivered its highly anticipated, third and final rate cut for this year – and shocked global markets in the process.
PHOTO: EPA-EFE
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SINGAPORE – Asian currencies, including the Singapore dollar, will have a tough time fighting the strength of the US dollar after the Federal Reserve raised its inflation and interest rate forecasts.
The US central bank on Dec 18 delivered its highly anticipated third and final rate cut for 2024
