Asian firms, banks face funding squeeze
They are struggling to get the US dollars needed to run businesses and finance debts
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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
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.
