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Southeast Asian central banks play defense against Fed tightening

Indonesia and Singapore sealed currency deal and Thailand considers a rate hike

The courtyard of Bank Indonesia, which is close to completing a currency deal with Singapore that will help stabilize its economy and financial market.   © Reuters

SINGAPORE/BANGKOK -- Southeast Asia's central banks are moving to shield their economies and financial markets from an uncertain regional outlook triggered by rising U.S. interest rates and Washington's trade war with Beijing.

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