Asian Dollar Loans Hit 14-Year Low as Companies Seek Cheaper Alternatives Dollar loan volumes in Asia (excluding Japan) have plummeted to a 14-year low in the first half of 2024, dropping 44% to $45.5 billion. This decline contrasts sharply with the global trend, where US-currency loan sales increased by 37%. The slump in Asian dollar loans is attributed to higher US interest rates, which have made borrowing in dollars less attractive for Asian companies. As a result, many firms are turning to alternative financing options, such as local-currency bonds and bank financing, which offer more favorable borrowing costs. This shift highlights the growing maturity of local capital markets in some Asian countries and the increasing flexibility of borrowers in choosing funding sources. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The New Gold Rush: Why Investors Are Flocking to Bullion in a Strong Market READ MORE Year of the Dragon Sparks Optimism for S&P 500's Flight to New Heights READ MORE U.S. Labor Market Defies Expectations with Lower than Expected Jobless Claims READ MORE Central Banks Tread Cautiously in Final Stretch of Inflation Battle READ MORE Analysts Predict Gold to Continue Climbing After Record Highs READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment