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Eyes on Asian FX as US yields continue to rise

The refrain from many market participants as yields continue to rise is that 'something is going to break'. A good bet for something that will run into trouble is Asian FX, emerging markets in particular. Indonesia surprised markets by boosting interest rates to 6% today despite a slowing economy.The suspicion is that they're trying to stem capital outflows and support the rupiah. Those flows become more and more tempting with US 10-year notes paying nearly 5%.“The global dynamic is very fast. W... Read More

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Posted: Oct 19 2023, 13:49

Author Name: forexlive

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