The Traderszone Network

Published in TZ Latest News 16 December, 2015 by The TZ Newswire Staff

Asian central banks, governments breathe sigh of relief after Fed lifts off

Asian governments and central bankers breathed a collective sigh of relief on Thursday after currencies edged up and stocks rallied rather than recoiled at the U.S. Federal Reserve’s decision to raise interest rates. The prospect of the first hike in U.S. rates in almost a decade had kept emerging markets on edge in the weeks leading up to the Fed’s decision, amid fears investors would redirect capital to higher-yielding U.S. debt in a fresh blow to their shaky economies.

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