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  1. Global reserve currency proves to be a curse for the issuing country

    Posted Oct 15th 2011, 12:00am

    ... is strong, but it will go into crisis when the reserve-currency country goes into crisis. This is the current state of affairs. The four reserve-currency economies (the US, the euro zone, Britain ... of a global-reserve-currency country and the needs of the world that uses that reserve currency. Triffin predicted that the reserve-currency country would run a current-account deficit to provide the world ...

  2. Few things riskier than a safe bet in currency markets

    Posted Jul 11th 2011, 12:00am

    ... crisis. Rather it has been driven largely by an increase in risk appetite among investors, who have used the US dollar as a funding currency to finance 'risk-on' investments elsewhere. ... last November, and say nothing is likely to change that in the near term. The other half will retort that, with the exception of the depths of the 2008-2009 financial crisis, Hong Kong stocks ...

  3. Beijing warns of 'trade war' over US currency bill

    Posted Oct 05th 2011, 12:00am

    ... for its currency policies. US lawmakers have accused Beijing of manipulating the value of the yuan to keep it artificially low in order to boost exports. In a rare move, the central bank, ... at forcing Beijing to let its currency float freely, and accused Washington of politicising global currency issues. The US Senate voted on Monday to allow a debate on the bill, which would force ...

  4. IMF eases stance on currency peg in HK

    Posted Jul 25th 2003, 12:00am by Staff Reporter

    ... Kong's currency peg to the US dollar in the light of changed economic circumstances. Increased international competition and a global economic downturn have led the fund, historically a strong supporter of the fixed exchange rate system, to conclude that a new approach to currency management is warranted. The IMF's view of the peg has changed due to the 'cyclical and structural ...

  5. Asian economies- and currencies- firing on all cylinders

    Posted Apr 26th 2006, 12:00am by Tom Holland

    ... during the Asian financial crisis. Other currencies are climbing, too. In the last two days, both the Malaysian ringgit and the Singapore dollar have touched post-crisis highs. The latest run-up ... have prompted airlines to slap weighty fuel surcharges on top of their standard ticket prices. Currencies around the region are rising in value against the US dollar- and also against the Hong ...

  6. Undervalued Asian currencies look poised for strong growth this year

    Posted Feb 08th 2004, 12:00am by Chris Oliver

    ... rapidly than those to the US, despite the US economy being in better shape, the report says. Since the fallout from the financial crisis in 1997, many Asian currencies are still depreciated ... Chris Oliver The ongoing theme of Asian asset reflation received a boost this week from new research which suggests Asian currencies are among the most undervalued globally. Brokerage ABN ...

  7. Sell-off peril for Asia-currency bonds

    Posted Nov 14th 2003, 12:00am by Staff Reporter

    ... Bei Hu The risk premiums in six regional economies, except HK, are deeper in negative territory than US government debts The low yields of long-term local-currency bonds underestimate most Asian economies' future growth and inflation and risk triggering a bond sell-off, a Deutsche Bank analyst has warned. However, Asian countries' sizeable foreign-currency reserves could ...

  8. Revaluation push gains currency

    Posted Sep 24th 2003, 12:00am by Staff Reporter

    ... Monday's sharp fall in Asian stock prices in response to calls for Asian economies to revalue their currencies highlights the region's dependence on external trade. Asian central banks have long intervened to manage currency appreciation pressure stemming from a development model that has relied on exporting at all costs. It has been a bargain for which developed ...

  9. Currency power struggle looming

    Posted Apr 24th 2005, 12:00am by Chris Oliver

    ... that a revaluation is the right policy and that may help quell some of the speculators,' he says. He says an international currency crisis is inevitable unless Washington moves to restore fiscal ... CHRIS OLIVER Expert says Asian nations face US political pressure Currency expert Avinash Persaud takes issue with a common assumption in Washington that Asian currencies are under-valued ...

  10. Latest currency relaxation another advance... in theory

    Posted Sep 22nd 2005, 12:00am by Louis Beckerling

    ... Louis Beckerling Foreign banks operating in the mainland this week began offering yuan forward contracts to their corporate customers in China following the latest relaxation of currency ... on the great (and long) march to a freely floating currency. But don't expect that destination to be reached any time soon, bankers observe. If anything, the sedate and measured pace at which ...




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