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Where will Fed tightening hit hardest in Asia?
Original: COMMENTARY: Where will Fed tightening hit hardest in Asia?
Reuters commentary examines which Asian economies stand to suffer most as the US Federal Reserve continues raising interest rates. The analysis weighs factors such as current account deficits, foreign debt levels and currency vulnerability across the region. Markets and policymakers are watching closely, as Fed tightening tends to pull capital out of emerging Asian economies and weaken their currencies.
Why now: Investors and policymakers are assessing how further US rate hikes will affect Asian economies and markets.
Evidence
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