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  1. Aussie dollar makes sense

    Posted Mar 18th 2008, 12:00am by Louis Beckerling

    ... be converted into Australian dollars at an indicative exchange rate of HK$7.17399 per Australian dollar (a small premium to the 'spot' rate quoted on currency markets of 7.1484 at the time); and the resulting sum of a fraction under A$21,000 would then earn a savings deposit rate of 2.5 per cent- 10 times higher than the Hong Kong dollar interest rate. Should the Australian dollar ...

  2. Yuan payments on rise while HK dollar slips

    Posted Jul 25th 2012, 12:00am

    ... US dollar, British pound, Japanese yen and Australian and Canadian dollars- remained unchanged over the period. The Hong Kong dollar, which in 2010 was in seventh place, had dropped to 10th ... Enoch Yiu enoch.yiu@scmp.com China's efforts to internationalise the yuan are bearing fruit, with a surge in yuan payments over the past 21 months, while the Hong Kong dollar ...

  3. Oil and gold at historical highs as dollar slides

    Posted Oct 30th 2007, 12:00am by Staff Reporter

    ... currency meant that many of the world's currencies rose to historical highs against it. The Australian dollar rose to a 23-year high of more than 92 US cents, while the Canadian dollar hit ... Cameron Dueck Commodity prices rose sharply yesterday, with fears of Middle East instability and the threat of inflation pushing oil and gold to historical highs as the US dollar continued ...

  4. Central bankers switch focus from weak dollar to yuan peg

    Posted Nov 09th 2004, 12:00am by Louis Beckerling

    ... of a shade under 130 against the Euro. The latest adjustments have left the Australian dollar 6.93 per cent up on the US dollar over the past three months. The New Zealand dollar has strengthened ... away from the sustained rise in their currencies versus the US dollar, to a prospective clash with China over its pegged currency regime, say some analysts. 'Central banks in Asia have ...

  5. All abroad for a better deal

    Posted Jul 02nd 2012, 12:00am

    ... Jasper Moiseiwitsch Hongkongers like their foreign-currency investment products. They like their Australian dollar fixed deposits, their local currency Asian bond funds and their Singapore ... 'If I am earning 1 per cent on a US-dollar bond, I could buy an equivalent Australian dollar bond that yields 5 per cent. You might think a 4 per cent yield difference reflects how much ...

  6. Dealer's choice

    Posted Jul 02nd 2012, 12:00am

    ... deposits. For example, the bank pays 3.25 per cent (annualised) for a six-month Australian dollar deposit. The catch is that the account holder is exposed to the ups and downs of the currency ... bonds, or Indian government debt). The fund has returned 5.6 per cent so far this year in US dollar terms. Fidelity's Australia fund invests mainly in Australian equities, ...

  7. Money doesn't grow on trees

    Posted Jun 27th 2012, 12:00am

    ... in Zimbabwe and East Timor, and the Australian dollar is used in Tuvalu and Nauru. Places that adopt dollarisation usually have a history of political and financial instability. ... Chris Lau A HK$10 note may look like a thin, shiny piece of paper, but if you think carefully, it's worth more than it looks. If dollar notes were only colour-printed handouts, none ...

  8. Talk of unpegging HK dollar

    Posted Jun 28th 2012, 12:00am

    ... Compiled by Wong Yat-hei Issues Timing is everything Discussing the future of the dollar peg cannot remain taboo forever. China is moving to increase the yuan's role ... said Yam was right to point out the trade-offs of Hong Kong's currency peg to the US dollar, especially its tendency to aggravate asset bubbles and import inflation. The peg ...

  9. Strong US dollar may be what starts yuan's global rise

    Posted Apr 09th 2012, 12:00am

    ... Tom Holland It's become almost an article of faith that structural weakness of the US dollar will accelerate the internationalisation of the yuan; as one declines, the other ... be the US dollar's strength. In recent decades, the world has got used to using the US currency. Most of the world's trade is priced and settled in US dollars, even if the goods traded ...

  10. Pledge to keep the US dollar peg promises a volatile future

    Posted Mar 29th 2012, 12:00am

    ... currency peg to the US dollar. Business bosses favour the peg because of the certainty they say it brings. But while they are surely right that the US dollar peg is better than the suggested alternatives, it promises little by way of stability. On the contrary, the peg may take us on a wildly volatile economic ride over the coming years. That is because the US dollar itself is likely ...




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