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The US president is unhappy with the number of interest rate increases
Thursday 23 Aug 2018 Author: Tom Sieber

US president Donald Trump, in a further break with convention, is being publicly critical of the pace of rate hikes being driven through by the US Federal Reserve.

This is putting the dollar under some pressure and if Trump’s clamour becomes more consistent, weakness in the US currency could provide some respite for emerging market countries like Turkey which have lots of dollar-denominated debt. (TS)

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