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  • October 20, 2014
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  1. Mainland faces currency battle

    Posted May 07th 2012, 12:00am

    ... pre-eminence as an offshore centre for the currency. Now, though, with the central government and central bank making clear their aim of seeing the yuan one day attain reserve currency status, ... of their currencies in the yuan, then a critical mass is reached.' At a policy level, Poon notes that China's ambitions in this respect are partly symbolic and partly a consequence of its position ...

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

    Posted Oct 15th 2011, 12:00am

    ... 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 ... the accounting unit issued by the International Monetary Fund- as a possible global reserve currency. The logic for a globally issued reserve currency is impeccable. Nationally issued reserve currencies ...

  3. How to nurture a blooming currency

    Posted Oct 20th 2011, 12:00am

    ... this year, the mainland held the world's largest amount of foreign currency reserves, valued at US$3.2 trillion, or more than 20,000 times its level in the 1950s. The value of the renminbi, ... is trying to internationalise its currency, albeit through a piecemeal process. When Vice-Premier Li Keqiang visited Hong Kong in August, he offered further support for the internationalisation ...

  4. 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 ...

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

    Posted Jul 11th 2011, 12:00am

    ... into the currency. This should be troubling because there are few things more dangerous in financial markets than a safe bet. That is especially true of the currency markets, because exchange rates ... strengthened by almost 50 per cent as the US currency slumped back to within a whisker of 100 yen. So today, with everyone so sure the Chinese currency is certain to appreciate, it is worth asking ...

  6. Despite rapid growth, the yuan will remain a minor currency

    Posted May 05th 2011, 12:00am

    ... with Tom Holland According to HSBC, during the next six months the Chinese yuan is likely to overtake the British pound as a preferred currency for settling international trade deals. Big deal. During February and March, HSBC surveyed over 6,000 companies around the world, and asked them among other things, which currencies they expected to use to settle their international ...

  7. What makes a floating currency go up or down

    Posted Jan 14th 2008, 12:00am by Sophie Paine

    ... Money is written by Sophie Paine, who teaches financial literacy at www.aandbmake3.com Gold: for a long time, most currencies were pegged to gold. The system crashed in 1971 and most currencies have now floating rates. Economical factors: such as growth, employment, productivity (how efficient people work in a country), inflation and trade deficit impact the value of a currency ...

  8. NPC official urges forex bias towards stronger currencies

    Posted Nov 08th 2007, 12:00am by Staff Reporter

    ... at a conference in Beijing yesterday that the country would readjust the structure of its foreign reserves and invest more in strong currencies given the weak US dollar. 'The US dollar dropped after ... to appreciate its currency and cut its trade surplus. 'I think it is indicative of frustrations in some government quarters about the value of foreign reserves,' said Citigroup chief Asia ...

  9. Weak currency to blame for rising labour costs

    Posted Apr 07th 2008, 12:00am by Jake Van Der Kamp

    ... separate currencies must adopt ways of controlling the amount of money washing around in their economies to keep their currencies sound. This is just another way of saying that they all have ... a complete hash of managing our own currency and in 1983 had to stop trying to do it and instead adopted a rigid currency board peg to the US dollar. This means that it is a joke to give the name ...

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

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

    ... 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 Amro expects hefty gains as Asian currencies pace the recent appreciation of the euro and yen, which have risen 38 per cent and 24 per cent respectively against the US dollar since ...




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