The Zhitong Finance App learned that as the Federal Reserve raised the benchmark interest rate for the first time after a lapse of three years and two months, and international oil prices continue to stand above $100, emerging economies may once again face the triple burden of “high oil prices, strong dollars, and high interest rates.” Market strategists warned that the Federal Reserve's hawkish rate hike would put pressure on Asian currencies, especially the yen before the Bank of Japan meeting on Friday.

The Zhitong Finance App learned that as the Federal Reserve raised the benchmark interest rate for the first time after a lapse of three years and two months, and international oil prices continue to stand above $100, emerging economies may once again face the triple burden of “high oil prices, strong dollars, and high interest rates.” Market strategists warned that the Federal Reserve's hawkish rate hike would put pressure on Asian currencies, especially the yen before the Bank of Japan meeting on Friday.