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  1. Asian currency rally may buoy exports

    Posted Sep 23rd 2003, 12:00am by Kelvin Chan

    ... A rally by the yen and other Asian currencies against the US dollar could be good news for Hong Kong, making the city's exports to its Asian neighbours more affordable, experts say. ... appreciates ... it will help a little bit for Hong Kong's exports to Japan's markets.' Asian currencies rallied against the US dollar yesterday after comments at the weekend Group ...

  2. China steps up crackdown on illegal currency deals

    Posted Sep 30th 2003, 12:00am by Staff Reporter

    ... in the local currency from neighbouring countries such as Vietnam, North Korea and Russia, according to a posting on its website. The crackdown on illegal currency transactions and the border conversion policy are new attempts to stem demand for the yuan, which led to an increase in China's foreign reserves and added to the pressure to allow the currency to float. 'Contrary ...

  3. Currency intervention will continue

    Posted Nov 21st 2003, 12:00am by Kelvin Chan

    ... attempt to weaken the local currency. He also discussed the recent imposition of import quotas by the US and relaxed regulations on the use of renminbi in Hong Kong. 'The credibility ... revaluation could boost the local currency. Mr Tang also expressed concern about the imposition of quotas by the United States on the import of mainland textiles, and said he hoped the issue would ...

  4. Sharp rise for Asian currencies

    Posted Sep 23rd 2003, 12:00am by Staff Reporter

    ... A dramatic weakening in the US dollar yesterday sent Asian currencies sharply higher, while stock markets struggled amid fears that Asian companies will become less competitive. Market ... a competitive disadvantage for US manufacturers, while the Japanese central bank routinely intervenes to stop its currency rising. Expectations that the G7 statement would add more pressure for a yuan ...

  5. Currency risk a key factor for investors

    Posted Nov 23rd 2003, 12:00am by Staff Reporter

    ... of the China/US trade rhetoric. While the United States may not want China's brassieres any more, it seems no one wants its greenback. The green light to offer currency exchange and personal bank ... But for Hong Kong residents, other financial milestones in the past week are more pressing. The euro reached an all-time high against the increasingly maligned US dollar and a range of other currencies ...

  6. Hu and Bush face currency showdown

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

    ... currency and its impact on global trade. Sparks will fly if Mr Bush, who is on the warpath in his quest for re-election next year, increases pressure on China to revalue the yuan or cut its peg to the US dollar. China can be expected to rally its Asian allies to defend its policy of currency stability. 'The US is going to be pushing for exchange-rate flexibility, particularly ...

  7. Trading on a tenuous currency arrangement

    Posted Oct 15th 2003, 12:00am by Staff Reporter

    ... That nothing lasts forever is the dirty little secret that central bankers hate to admit. Currency arrangements come and go yet sustaining the belief that yours is different demands ... administered through a US dollar currency board. It did so against a backdrop of political and economic turmoil and the system has come to represent the one sure thing in an era otherwise characterised ...

  8. HK currency strength may spark wave of stop-loss sales

    Posted Oct 08th 2003, 12:00am by Staff Reporter

    ... propelling the local currency yet higher. The psychologically important HK$7.70 level against the US dollar was left untouched, partly due to profit taking on stocks, which lessened the need for Hong ... late in Asian trading yesterday, it could break through in European or US trading hours when liquidity was thinner, the dealer added. By the close, the local currency was at $7.7106, up from ...

  9. 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 ...

  10. Dual-currency cards on the rise

    Posted Sep 18th 2003, 12:00am by Christine Chan

    ... Relaxation of mainland travel rules seen contributing to a growth in popularity of this relatively new credit product The number of dual-currency credit cards issued in the mainland is set ... International in China, yesterday projected about 600,000 dual-currency cards would be issued by the end of the year, doubling June's amount. The cards were introduced in the mainland last year. ...




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