2017 seen as Asian markets' year of the dollar crunch
Lending spreads, domestic demand and resolve of central banks to be tested
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FOR Asian markets, 2017 could be the year of the dollar crunch.
Foreign portfolio flows have taken a sharp downturn since Donald Trump's election victory, with US$15 billion fleeing Asian bonds and stocks this month alone - close to 30 per cent of year-to-date inflows to the region, according to Deutsche Bank AG - as a strengthening greenback and protectionist policies from the president-elect darken the growth prospects for emerging markets.
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