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  1. US dollar, stocks fall as Korea diversifies reserves

    Posted Feb 23rd 2005, 12:00am by Staff Reporter

    ... away from US dollars, propelling the greenback into a new downward spin. The news quickly fuelled speculation that other Asian governments, including Japan's, would follow suit and increase the portion of their non-dollar assets- a move that the United States Federal Reserve chairman and other observers have warned would spell misery for the US current account deficit. ...

  2. Interest gap with US dollar figures narrows

    Posted Apr 05th 2005, 12:00am by Staff Reporter

    ... Anette Jonsson Hong Kong's short-term money market rates have rallied sharply over the past three months, all but closing the gap with their US dollar counterparts. With the local dollar pegged to the greenback, the convergence in short-term rates was predictable, but the emergence of the gap may underscore policy weaknesses that should be addressed. Since mid-2003, ...

  3. Asia is advised to diversify reserves out of US dollars

    Posted Sep 16th 2005, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai Regional central banks are reluctant as it could destabilise the American currency Asian central banks should diversify out of US dollars to maximise ... in Shanghai which considered why China, Japan and other Asian countries invest a majority of their reserves in US dollar instruments, especially Treasury bonds, despite a low return and the likelihood ...

  4. Japanese market soars on back of rising US dollar

    Posted Dec 06th 2005, 12:00am by Rex Aguado

    ... Rex Aguado A raft of strong economic data from the US and Japan, and what appears to be a hands-off currency policy by the world's top financial ministers, yesterday helped push the US dollar to a 32-month high against the yen and sustain its strength against the euro. With the yen trading at around 121 against the dollar- levels not seen since mid-2003- the stock ...

  5. Buyers resist on caution over stronger US dollar

    Posted Jan 22nd 2005, 12:00am by Staff Reporter

    ... to 4,566.74. 'Selling pressure is not too significant but investors were not keen entering into the market again on fears it might fall further as they see the US dollar heading up,' said Steven Leung Wai-yuen, a director with UOB Kay Hian. The US dollar strengthened from 103.43 against the Japanese yen on Thursday to 103.65 yesterday. 'Also, there is no particular theme ...

  6. Ballooning China deficit bears down on limp dollar

    Posted Feb 17th 2005, 12:00am by Toh Han Shih

    ... Toh Han Shih The widening United States trade deficit with China threatens to increase pressure on the already weak US dollar, analysts say. China's trade with the US, its biggest ... of the rise in the total US trade deficit, which hit a record US$666.2 billion last year, according to the US Department of Commerce. To achieve sustainable deficit levels, the US dollar must fall ...

  7. Despite dollar doldrums, Asian central bankers have little choice

    Posted Feb 26th 2005, 12:00am by Tom Holland

    ... Tom Holland IT HAS BEEN a turbulent week in Asia's foreign exchange markets. Rumours, hastily denied, that Asian central banks were planning to sell US dollars sent the American ... markets. Rumours swirled: some claiming Asia's central banks were collaborating to support the US dollar, others that they had agreed to let the greenback slide. As usual, almost all the talk ...

  8. Million-dollar babies

    Posted Dec 03rd 2005, 12:00am by Staff Reporter

    ... tens of thousands of US dollars. This particular Noah's Ark could set you back a couple of million dollars, all told. Then there are the battery- and petrol-powered toy cars spread around the store for junior to salivate over. Those can fetch as much as US$50,000- enough to buy about three mainstream adult vehicles. Go up the escalators and you will find traditional, handcrafted ...

  9. Dollar rallies as dealers cover bets

    Posted May 17th 2005, 12:00am by Staff Reporter

    ... Anette Jonsson Greenback extends rising pace amid speculation over yuan revaluation The US dollar continued its recent rally in Asian trading, with some dealers covering short positions ... economy set the stage for the rebound, which started on May 6 and took the greenback to a seven-month high of US$1.2581 against the euro in Asian trading yesterday. The dollar hit a one-month high ...

  10. Case for rate rise firms as HKMA buys more HK dollars

    Posted Mar 10th 2005, 12:00am by Staff Reporter

    ... after the stock market closed, the Hong Kong Monetary Authority was forced to buy $2.41 billion worth of Hong Kong dollars in exchange for US dollars as demand for the latter exceeded market ... The one-month interbank rate hit 1.93 per cent after the HKMA purchases from about 1.71 per cent just before. The Hong Kong dollar remained little changed in a range between $7.7998 and $7.80 to the US ...




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