TOKYO -- Currencies across Asia are feeling the pain as investors retreat from the region amid concerns about China's economic slowdown, soaring commodity prices and signs of global inflation.
Investors have reduced their exposure to the South Korean won, the Thai baht, the Japanese yen and other Asian currencies as the dollar gains strength, backed by expectations that the Federal Reserve is getting ready to raise interest rates as the COVID-19 pandemic wanes, perhaps as soon as next year.
