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  1. Little chance of open war, but currency sniping to continue

    Posted Oct 26th 2010, 12:00am by Tom Holland

    ... of currencies' and to 'move towards more market-determined exchange rate systems'. Phew! So that's all right then. Looming currency war has been averted at the last minute, and peace ... see the Chinese currency as being undervalued relative to its medium-term fundamentals, so currency appreciation would be very helpful,' Petya Koeva Brooks, division chief at the research ...

    http://www.scmp.com/article/728589/little-chance-open-war-currency-sniping-continue
  2. China winning currency war

    Posted Oct 31st 2010, 12:00am by Alex Lo

    ... these days,' said Mason, a specialist in the politics of international currencies and a former Federal Reserve Bank of Cleveland official. 'But maybe there is another explanation. Maybe ... fate of Japan after the Plaza Accord,' wrote Martin Wolf of the Financial Times, as a typical example of this view. 'In the absence of currency adjustments, we are seeing a form ...

    http://www.scmp.com/article/729012/china-winning-currency-war
  3. Focus back on currencies after stock turmoil

    Posted Feb 28th 2010, 12:00am by Amanda Lee

    ... Amanda Lee This year, currency investment is back in favour after last year's stock market turmoil. Central banks are also widely expected to raise rates, further fuelling activity. Analysts reckon currencies such as the Australian dollar, the New Zealand dollar and the Canadian dollar are likely to outperform other currencies against the US dollar. Exchange rates ...

    http://www.scmp.com/article/707216/focus-back-currencies-after-stock-turmoil
  4. Fall and rise of the renminbi: 'people's currency' rides out downturn to become a global powerhouse

    Posted Sep 25th 2009, 12:00am by Staff Reporter

    ... 1948, and former state leader Ren Bishi was appointed to oversee the design and circulation of the new currency. Paramount leader Mao Zedong asked for the currency to be named 'renminbi', meaning 'the people's currency'. From 1948 to 1953, banknotes from 1 to 50,000 yuan were issued on the mainland. One yuan is now worth HK$1.14, but not back then. ...

    http://www.scmp.com/article/693519/fall-and-rise-renminbi-peoples-currency-rides-out-downturn-become-global-powerhouse
  5. Talk of a world currency just financial pie in the sky

    Posted Mar 26th 2009, 12:00am by Tom Holland

    ... with Tom Holland On Monday, the governor of China's central bank called for the adoption of a 'super-sovereign reserve currency' to replace the US dollar. His proposal triggered a vigorous debate among academic economists and financial pundits about the merits of an international currency, almost all of which was utter gibberish. At first, the concept ...

    http://www.scmp.com/article/674660/talk-world-currency-just-financial-pie-sky
  6. The price to pay for reserve currency status

    Posted Jun 02nd 2009, 12:00am by Frank Ching

    ... that it would be overtaken by Shanghai. As it is, in the past few weeks, it has become increasingly clear that China has big plans for its currency, even though it is unlikely to replace the US dollar. ... of the international monetary system and called for a new international reserve currency. This was followed by similar sentiments by Finance Minister Xie Xuren and Vice-Premier Wang Qishan. There was no doubt ...

    http://www.scmp.com/article/682254/price-pay-reserve-currency-status
  7. 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 ...

    http://www.scmp.com/article/422818/imf-eases-stance-currency-peg-hk
  8. Glass half-full or half-empty, the yuan will still strengthen

    Posted Mar 09th 2010, 12:00am by Tom Holland

    ... of timing'. In addition, you would probably point to how Commerce Minister Chen Deming has consistently opposed any notion of yuan appreciation, lest a stronger currency hurt China's export ... has little to gain in the near term and much to lose from a stronger currency. It is true that the recent appreciation of the US dollar in the foreign exchange markets has relieved some ...

    http://www.scmp.com/article/708107/glass-half-full-or-half-empty-yuan-will-still-strengthen
  9. London eyes a slice of offshore yuan trade

    Posted Nov 11th 2010, 12:00am by Naomi Rovnick

    ... 'This is something I definitely want London to be part of.' Traders questioned Osborne's comments, particularly because the mainland currency is tightly controlled by the government ... Buick said. 'I am not critical of the concept. It's a good idea. But we need the yuan to become a reserve currency- in other words, one that is freely exchangeable.' Beijing has ...

    http://www.scmp.com/article/730117/london-eyes-slice-offshore-yuan-trade
  10. Stronger yuan not about to ease trade tensions

    Posted Sep 16th 2010, 12:00am by Denise Tsang

    ... Denise Tsang The yuan's climb to its highest level since 1994 is not likely to ease tensions between China and its US and European trade partners over the value of the currency. The People's Bank of China set the yuan exchange rate at 6.725 to the US dollar yesterday, after the currency rose against the greenback for a fourth consecutive day and from 6.7378 on Tuesday. ...

    http://www.scmp.com/article/724899/stronger-yuan-not-about-ease-trade-tensions

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