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Strong US dollar a double-edged sword for emerging markets, says Mitsubishi UFJ’s Tan

Assif Shameen
Assif Shameen10/14/2014 09:17 PM GMT+08  • 2 min read
Strong US dollar a double-edged sword for emerging markets, says Mitsubishi UFJ’s Tan
SINGAPORE: In the afternoon of Oct 8, the US Federal Reserve published the minutes of its last policy meeting.
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SINGAPORE: In the afternoon of Oct 8, the US Federal Reserve published the minutes of its last policy meeting.

The big surprise was not any new discovery on when the Fed would raise rates — the consensus is still June next year — but the US central bank’s concern about the strength of the US dollar and the risks it poses to the ongoing US recovery.

One man who found the Fed’s comment very strange was Cliff Tan, East Asia head of Global Markets Research for The Bank of Tokyo Mitsubishi UFJ in Hong Kong.

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