31. At the same time, many Asian currencies have plunged in value and the financial industries of Thailand, Indonesia and others are in disarray.
32. At the same time, many Asian currencies have plunged and the financial industries of Thailand, Indonesia and other countries are in disarray.
33. At the same time, the devaluation of Asian currencies will restrain U.S. inflation by making imports cheaper.
34. At the same time, the Hong Kong dollar, the last major Asian currency fixed to the dollar, held fast against its U.S. counterpart.
35. At the same time, weakening Asian currencies will make Asian imports less expensive and more competitive.
36. Australian stocks fell amid concern the fall in Asian currencies will lead to a flood of imports into the country, slashing the profits of companies with Asian competitors.
37. Banks have been especially hard hit because weakening Asian currencies against the U.S. dollar increased the cost of debt for companies with foreign loans.
38. Banks were particularly hard hit because the drop in the value of Asian currencies caused the cost of debt for companies with foreign loans to explode.
39. Banks fell on concern that as Asian currencies drop, companies may default on outstanding loans to Japanese banks.
40. Because Asian currencies have been devalued so sharply, products from countries like South Korea are far more competitive in world markets.