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The US interest rate hike is mainly for the high domestic inflation. In other words, Fed just tried to tame the inflation. Note that the

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The US interest rate hike is mainly for the high domestic inflation. In other words, Fed just tried to tame the inflation. Note that the causality matters. Think about the Fisher's effect, and the components of the interest rate. Please discuss that why USD appreciates, RATHER THAN depreciate, against many currencies, including Chines Yuan (which you have just seen earlier) and NTD

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