Asian currencies and stocks fall, investors brace for hawkish Fed

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BENGALURU (Jan 19): Asia's emerging stock and currency markets largely fell on Wednesday as US Treasury yields perched at two-year highs amid prospects of higher US interest rates. Currencies in the region were flat to lower with Indonesia's rupiah, an attractive carry-trade for investors, down a fifth of a percent, while the Thai baht fell 0.3%. The US dollar also firmed overnight as two-year Treasury yields stayed above 1% and benchmark 10-year yields stood at a two-year high of 1.8860%.Investors are