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 Fed's Rate Cuts Ahead: What It Means for the Economy READ MORE Gold Hits Record High: What's Next for the Bullion Market? READ MORE Global IT Outage Causes Financial Chaos and Delays READ MORE Wall Street's Most Bearish Strategist Predicts 32% Stock Market Plunge by 2025 READ MORE ALERT: Does This Map Signal the Beginning of Nuclear Conflict? READ MORE Add a Comment Cancel replyYour email address will not be published.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