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Results 1 - 10 of 259 for australian dollar

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  1. Many happy returns

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

    ... Local investors stand to make further gains as Australia is tipped to raise rates again, writes Louis Beckerling Hong Kong investors who took a punt on the Australian dollar earned high ... the third increase in six months. This means that the Hong Kong dollar deposit converted into Australian dollars 12 months ago would have delivered a 16 per cent conversion gain before taking ...

    http://www.scmp.com/article/630401/many-happy-returns
  2. Business - Money - TALKING POINTS

    Hong Kong takes dollar down a peg

    Posted Nov 05th 2012, 12:00am by Carl Berrisford

    ... Carl Berrisford moneypost@scmp.com HK takes dollar down a peg As is well known, United States Fed Reserve chairman Ben Bernanke announced a third round of quantitative easing (QE3) in September, and then the Hong Kong dollar did exactly what it has done the two previous rounds of QE: trade at the bottom of its band against the US dollar at HK$7.75. So far it's unclear whether ...

    http://www.scmp.com/business/money/article/1074659/hong-kong-takes-dollar-down-peg
  3. Dollar peg has its drawbacks, but we have no alternative

    Posted Jun 14th 2012, 12:00am

    ... Jake van der Kamp Former central banker sends shockwaves through city by calling into question link to US dollar... South China Morning Post, June 13 I can picture our former monetary chief, Joseph Yam Chi-kwong, scratching his head yesterday. Since the peg to the US dollar was adopted in 1983, people of influence in this town have often called for its dissolution. Sometimes ...

    http://www.scmp.com/article/1003947/dollar-peg-has-its-drawbacks-we-have-no-alternative
  4. Let's hope the HK government understands what it's in for

    Posted Aug 17th 2011, 12:00am

    ... seen a significant flow of funds out of the US dollar and into currencies like the Swiss franc, the Australian dollar and even the Norwegian krone, pushing them all higher. Today it is one ... peg to the US dollar is here to stay. I hope they understand what they are in for. But if they are in any doubt, perhaps they should look up the text of a lecture entitled 'What's ...

    http://www.scmp.com/article/976375/lets-hope-hk-government-understands-what-its
  5. Five reasons yuan is no threat to dollar as reserve currency

    Posted Feb 10th 2012, 12:00am

    ... Tom Holland tom.holland@scmp.com If I had US$100 billion for every time someone has told me that the yuan is going to displace the US dollar as the world's foremost reserve currency, ... in order to protect the county's exporters from volatility. Although the currency has been allowed to strengthen against the US dollar in recent years, in trade-weighted terms Beijing has ...

    http://www.scmp.com/article/992265/five-reasons-yuan-no-threat-dollar-reserve-currency
  6. For a few dollars more: the cowboy money changers

    Posted Aug 07th 2011, 12:00am

    ... Janet Gu Like many frequent visitors to Hong Kong, Zhang Yuan, a 30-year-old civil servant from Shenzhen, is confused by the fluctuating exchange rates she encounters at the city's bureaux de change. On each visit she changes 200 yuan into Hong Kong dollars to cover the cost of dining and transport. 'I know the rate for small amounts is less favourable but why does ...

    http://www.scmp.com/article/975614/few-dollars-more-cowboy-money-changers
  7. Beijing and its shrinking fistful of US dollars

    Posted Aug 15th 2011, 12:00am

    ... of the dollar. Since the international rating agency Standard & Poor's controversially downgraded America's AAA sovereign credit rating for the first time last week, Beijing has been more worried than ever about its holdings of US Treasury bills and the dollars in its foreign exchange reserves. The Federal Reserve's commitment to maintaining low interest rates until at least ...

    http://www.scmp.com/article/976229/beijing-and-its-shrinking-fistful-us-dollars
  8. Beijing suffers attack of nerves over its holdings of US dollars

    Posted Jul 21st 2011, 12:00am

    ... Safe's officials have in mind is Safe itself. No one knows exactly how much of Safe's US$3.2 trillion stash of foreign currency is denominated in US dollars. But if China's holdings are in line with other countries', the proportion is at least 60 per cent. And given that the bulk of China's trade is denominated in US dollars and that Beijing has long managed the yuan ...

    http://www.scmp.com/article/974087/beijing-suffers-attack-nerves-over-its-holdings-us-dollars
  9. HKMA chief pledges to stick with dollar peg

    Posted Apr 04th 2008, 12:00am by Enoch Yiu

    ... this was the first time Mr Yam has used an HKMA study to show that there was little relationship between the exchange rate and prices. The HKMA study showed that a 10 per cent depreciation of the US dollar ... orientated economies,' he said. Mr Yam, who is a champion of the peg system, which he helped establish 24 years ago, showed his determination to keep the system in place. 'A weak US dollar ...

    http://www.scmp.com/article/632429/hkma-chief-pledges-stick-dollar-peg
  10. Stable yuan-dollar rate seen balancing trade

    Posted Sep 20th 2007, 12:00am by Staff Reporter

    ... Maria Chan The best policy for Beijing is to stabilise the yuan against the US dollar at current levels, a move that could help bring the balance of payments between the two countries ... of Hong Kong. The yuan closed 0.12 per cent higher yesterday at 7.5135 to the US dollar. It has gained 7.35 per cent since it was initially revalued by 2 per cent to 8.11 in July 2005. Mr Mundell ...

    http://www.scmp.com/article/608556/stable-yuan-dollar-rate-seen-balancing-trade

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