Emerging markets unexpectedly benefit from upbeat Federal Reserve

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Despite the Federal Reserve coming across much more upbeat than expected after raising US interest rates for the second time in 2018, some softness in the Dollar following the decision has provided a short-term boost to many different emerging market currencies.

In a surprising move, traders appear to be taking profit on the Dollar after the latest US interest rate decision. This is benefiting many different emerging market currencies in early Thursday trade. With exception of the Indonesian Rupiah, Thai Baht and the New Taiwan Dollar, most emerging market currencies across Asia are… Read More

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