Asian firms, banks face funding squeeze

They are struggling to get the US dollars needed to run businesses and finance debts

The magnitude of the US dollar funding crisis is moderate in Singapore, thanks to the central bank's active management of liquidity conditions in the money market. ST PHOTO: LIM YAOHUI
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Trade-and investment-driven economies in Asia are facing an unexpected currency challenge.

Asian companies and banks are struggling to get the US dollars needed to run their businesses and finance their debts.

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A version of this article appeared in the print edition of The Straits Times on March 19, 2020, with the headline Asian firms, banks face funding squeeze. Subscribe