'Tremendous' currency pressure tests Asia bond investors

Korean debt sees biggest outflow in over a year as players 'lose patience' for Fed cut

20240419 South Korea won

The South Korean won ranks among the region's worst-performing currencies. © Reuters

ECHO WONG, Nikkei staff writer

HONG KONG -- The U.S. dollar's strength and bets that the Federal Reserve will delay interest rate cuts are turning up the heat on Asian bond investors, as local currencies in popular markets such as Indonesia and South Korea come under heavy depreciation pressure.

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