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  • October 21, 2014
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  1. Dollar's retreat as reserve currency just so much talk

    Posted May 25th 2009, 12:00am by Michael Pettis

    ... of conversation has been the retreat of the US dollar as the world's reserve currency, and this time around has been no exception. But, as in the past, much of the talk is a little too breathless to be taken seriously. The recent currency swaps between the central banks of China and other developing countries, for example, have been greeted with great fanfare as a harbinger ...

  2. 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 ...

  3. The bizarre world of East Asian currencies

    Posted Sep 08th 2003, 12:00am by Philip Bowring

    ... East Asian governments and central bankers are again exhibiting head-in-the-sand postures towards currency values. In the mid-1990s, refusal to float or devalue in time was a major cause ... in Phuket, Asian governments were mostly ganging up on a United States that wants them to liberalise their currency regimes, which would cause most to appreciate against the dollar. But they have ...

  4. Trade gap, inflation put focus on currency

    Posted May 13th 2006, 12:00am by Elaine Wu

    ... on the government to allow faster currency appreciation. The excess of exports over imports last month was US$10.46 billion, more than double the April 2005 surplus of US$4.6 billion and only slightly below ... of allowing the yuan to appreciate gradually against foreign currencies despite the strong US pressure to move faster. 'Nobody expects the trade surplus to narrow, so I don't think ...

  5. Business - Banking & Finance - TRADE

    More countries use yuan to settle international payments

    Posted May 23rd 2013, 12:00am by JANE CAI

    ... internationalisation of the currency. Of the 160 countries that settled payments with Hong Kong and the mainland last month, 47 had at least 10 per cent of their transfers made out in the yuan, according ... that the currency has become more internationalised," said Lisa O'Connor, RMB director at SWIFT. "This also presents business opportunities for those banks with RMB business intelligence ...

  6. Comment - Insight & Opinion

    Goal of yuan convertibility within reach

    Posted Mar 27th 2013, 12:00am by QU HONGBIN

    ... about six-fold in three years, to nearly 12 per cent; the pool of offshore renminbi, non-existent three years ago, now tops around 900 billion yuan (HK$1.1 trillion). By 2015, the currency could account for a third of China's international trade and take its place among the world's top three trade currencies. But the story is much bigger than trade. The rise of the redback ...

  7. Comment - Insight & Opinion

    Diaoyus fallout sees China refocus RMB push to Australia, Canada

    Posted Oct 22nd 2012, 12:00am by G. BIN ZHAO

    ... G. Bin Zhao G. Bin Zhao says the economic fallout from the Diaoyus dispute with Japan means China is now looking at Australia and Canada for direct currency tradingas part of its push ... for renminbi internationalisation. Therefore, it has become necessary for China to seek direct exchanges between the renminbi and other major currencies. This means the Australian dollar and Canadian ...

  8. Business - Comment - MONITOR

    'Made in America' means added pain for Hong Kong

    Posted May 02nd 2013, 12:00am by Tom Holland

    ... from its exchange rate peg to the US dollar. Since 2002, the US dollar has lost a third of its value against a basket made up of the currencies of its trading partners and competitors (see the first chart). Because of the peg, the Hong Kong dollar has also declined in value. Since 2002, it has fallen by almost a quarter against its own trade-weighted basket of currencies; a fall ...

  9. Business - Economy - JAPAN

    Fall in Japanese exports boosts push for weaker yen

    Posted Jan 24th 2013, 04:23pm by Bloomberg

    ... Bloomberg in Tokyo Offshore concerns on potential for currency war rise as annual trade deficit grows to a record Japan's exports fell more than analysts forecast, and the annual ... is mounting a defence of its currency policies before a Group of 20 meeting next month, as officials from Germany to South Korea express concern at efforts to weaken the yen. In Tokyo on Wednesday, ...

  10. Realeconomik and the reserve status of US dollar

    Posted May 26th 2009, 12:00am by Kevin Rafferty

    ... of the dollar as the global reserve currency is complicated and there are many players and opinions about what to do and how to go about it. It is easy to understand the frustration of China, which must ... promised to make more use of their two currencies in trade. The promise was accompanied by some well-chosen words of unhappiness about the dollar's domination. Mr Lula expressed anger ...




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