Trump stimulus, Fed rate hike threaten EM currencies
Big tax cuts and a Trump spending splurge are set to keep the dollar strong, FX experts say, while the shock election result is unlikely to derail a December rate hike.
Donald Trump’s surprise victory in the US presidential election means turbulent times ahead for a number of Asian currencies as the US dollar strengthens, according to FX experts CT spoke to. All are bullish on the dollar amid expectations for interest rate hikes by the US Federal Reserve and fresh fiscal stimulus.
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