Tuesday , June 27 2017

Banking

Central banks in Asia to rebuild $6trn defense as Fed hike looms

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Bloomberg Asia’s central banks are stacking the sandbags. Foreign-exchange reserves are being rebuilt as monetary authorities brace for the Federal Reserve’s third rate hike in six months. While the expected move has been well telegraphed, prolonged periods of Fed tightening can cause jitters for emerging markets. Asia was slammed in ...

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