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Fed Ripples Hit Hardest in Asia as Rates Outlook Shifts

  • Currencies in Asia take a disproportionate knock from Fed news
  • Asia central banks are vulnerable to volatile market swings
Japan’s Topix Set for Lowest Close Since August on Europe Woes
Photographer: Kiyoshi Ota/Bloomberg
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The Federal Reserve’s new outlook for interest rates ricocheted through Asian markets as the dollar and Treasury yields surged, easing pressure on some of the region’s biggest central banks and complicating the outlook for others.