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  • July 22, 2014
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  1. Despite scare, dollar is in little danger

    Posted Nov 13th 2007, 12:00am by Tom Holland

    ... dollar and the Australian dollar. But the past week's falls felt different and they badly rattled the foreign exchange market. Comments by mainland officials were largely to blame. ... Tom Holland The US dollar has slipped to long-term lows against a range of major currencies in recent days, prompting a rising volume of talk about how the greenback is in danger of losing ...

  2. Asia banks eye euros to survive the dollar slide

    Posted Apr 22nd 2007, 12:00am by Louis Beckerling

    ... Against the background of a declining dollar, there is a trend to begin switching into euro assets, writes Louis Beckerling Asian central banks are increasingly looking to diversify out of United States dollar assets into the euro, and this is a trend that may gather momentum and make euro-currency assets an attractive component of investment portfolios, some analysts say. Others, ...

  3. 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 ...

  4. 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 ...

  5. 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 ...

  6. Could the US dollar really collapse 33pc in a single day?

    Posted Nov 21st 2011, 12:00am

    ... is ushered in by a new financial crisis in which the US dollar loses a third of its value in a single day. In Chan's book, the US dollar's collapse is a handy plot device. But for the inhabitants of Hong Kong, much of whose wealth is tied to the US currency through the city's exchange rate peg, the thought of a US dollar crash is deeply unsettling. Reading The Fat Years, ...

  7. Retreat of EU banks could hurt world: IMF

    Posted Apr 24th 2012, 12:00am

    ... economies, said Sean Craig and Andre Meier, the IMF's resident representatives in Hong Kong. And while the US dollar remains the world's currency of choice for fund-raising activities ... in Asia, but well-capitalised regional banks, such as Japanese and Australian lenders, have been stepping into the breach. They have been establishing partnerships with local Asian banks, which ...

  8. 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 ...

  9. 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 ...

  10. Tsang's budget U-turn has speculators eyeing dollar peg

    Posted Apr 08th 2011, 12:00am

    ... they are not such tough nuts after all. Perhaps under pressure, Tsang would prove no more resolute in defence of the Hong Kong dollar peg than he proved in defence of his budget. We should have a punt. Mention of hedge funds eyeing up the Hong Kong dollar peg will instantly recall memories of 1997, when speculators launched an all-out short-selling assault on the Hong Kong dollar in the belief ...




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