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That has occurred in latest weeks, with each the Thai baht and Indonesian rupiah strengthening significantly against the buck. The impacts can cascade through the financial system, impacting industries from manufacturing to tourism. When the Fed moves, sometimes large sums of money are shifted by investors from US authorities bonds to creating markets, corresponding to those in Southeast Asia, causing their respective currencies to strengthen in response. The Fed’s choice has generated each headwinds and tailwinds for Southeast Asia’s two biggest economies – Indonesia and Thailand – leaving their …