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US$ hits two-week high after Fed hikes rate

Developing nations are embracing the greater competitiveness that comes with the beating their currencies have taken, leaving their rainy day funds untouched.


THE US dollar hit a two-week high against a basket of major rivals on Thursday after the US Federal Reserve raised interest rates for the first time in almost a decade and signalled four more hikes are to come next year.

In a widely anticipated move, the Fed increased its...

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