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Taiwan Dollar Slumps to Four-Year Low on Fed Interest-Rate Bets

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Taiwan’s dollar slumped to a four-year low on concern foreign investors may sell local assets as the U.S. Federal Reserve moves closer to raising interest rates.

Global funds sold $1.1 billion more Taiwanese shares than they bought last week, the biggest outflow since September, exchange data show. The Bloomberg Dollar Spot Index climbed 0.9 percent last week to the highest level since 2009 as the Fed indicated it is on track to raise borrowing costs next year, a move that will reduce the appeal of emerging-market assets.