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  • September 19, 2014
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  1. Currency woes spark fears of 'reverse crisis'

    Posted Nov 14th 2004, 12:00am by Chris Oliver

    ... Weakness of dollar appears to have the blessing of US, analyst tells Chris Oliver Disarray in the currency markets has sparked talk of a reverse Asian financial crisis, as chronic US ... single currency, the euro, rose to a record high against the dollar despite a strong United States jobs report that showed robust employment gains, according to Morgan Stanley's global head ...

  2. Fitch downgrades outlook for local-currency default rating

    Posted Apr 14th 2011, 12:00am

    ... Jane Cai in Beijing Fitch Ratings has downgraded the mainland's local-currency issuer rating on concerns of elevated real-estate valuations and inflation. The outlook for China's long-term local-currency issuer default rating has been revised from 'stable' to 'negative', Fitch said yesterday. 'The negative outlook reflects concerns over the scale ...

  3. Investors flee further from Asian currencies

    Posted Sep 24th 2011, 12:00am

    ... Amanda Lee amanda.lee@scmp.com Asian currencies, including Hong Kong's growing pool of yuan, fell further yesterday as investors sought the safety of the US dollar amid fears a global ... Reserve to boost the troubled US economy. Central banks from South Korea to Indonesia intervened to prop up their currencies, a sharp turnaround from recent concerns that their currencies were too ...

  4. Euro-crisis storm clouds still hanging over HK's economy

    Posted Jun 21st 2012, 12:00am

    ... Tom Holland It took just hours following the results of Sunday's Greek election for the markets to realise that the euro crisis is far from over. Despite a bank bail-out last week, ... to subsidise profligate Greeks, Euro-pundits are warning that a forced Greek exit from the single currency is still likely. The danger has simply been postponed for a few months until the autumn. ...

  5. 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 ...

  6. Can Asian currencies rise to global challenge?

    Posted Aug 26th 2011, 12:00am

    ... Alessandro Magnoli Bocchi Over the past two years, most currencies' exchange rates have fluctuated at an unprecedented pace. This volatility is due to two global policy responses to the 2008 crisis. First, borrowing is cheap. Investors chase opportunities but, given the fragility of global growth, withdraw their money as soon as risks rise. Excess liquidity in a frail ...

  7. 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 ...

  8. Signs that the euro-zone crisis is finally nearing its endgame

    Posted May 23rd 2012, 12:00am

    ... of the crisis is that Greece and the other Mediterranean members of the euro zone cannot compete within the single currency. As the second chart shows, between its euro entry in 2001 and 2010, ... Tom Holland After almost two-and-a-half years in which Hong Kong's financial markets have been relentlessly whipsawed by developments in Europe, the euro crisis may finally be nearing ...

  9. Crisis memory fades as 1997 levels regained

    Posted Oct 17th 2007, 12:00am by Tom Holland

    ... It has been a long and hard road, but by the end of this year the first of emerging Asia's currencies is likely to regain its level on the eve of the regional economic crisis in June ... are also close to regaining their pre-crisis exchange rate against the US dollar. Few fell more abruptly than the Korean won. From 885 won to the dollar in late June 1997, the currency plummeted ...

  10. Currency options open up market

    Posted Nov 12th 2011, 12:00am

    ... fluctuations in the currency's value. According to the new rule published by the State Administration of Foreign Exchange (Safe) yesterday, Chinese exporters and importers can not only buy yuan ... to buy a certain amount of foreign currencies for a fixed price at a specified time in the future. The contract helps companies planning to import commodities or investors attempting foreign ...




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