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  1. CIC predicts further downside for US dollar

    Posted Dec 09th 2008, 12:00am by Staff Reporter

    ... China Investment Corp, the country's US$200 billon sovereign wealth fund, predicts the US dollar will resume its downward spiral after a brief rebound. CIC president Gao Xiqing said the dollar's strength was temporary and was caused by people around the world needing US dollars to repay debt. 'After a short while, the dollar may go down again. I'd like to bet ...

  2. Stronger US dollar does not mean it's time to buy yet, warn experts

    Posted Oct 26th 2008, 12:00am by Staff Reporter

    ... Jonathan Yang People thinking of buying US dollars should be cautious since its current strength did not necessarily mean it was the right time to do so, experts said yesterday. Guo ... the US dollar did not necessarily mean that the United States was winning the battle over its financial crisis. Ricky Tam Siu-hing, chairman of the Hong Kong Institute of Investors, agreed. Mr ...

  3. PBOC sells US dollars to increase liquidity

    Posted Dec 04th 2008, 12:00am by Staff Reporter

    ... Jane Cai Traders anticipate further yuan depreciation as exports flag The mainland's central bank sold US dollars in the foreign exchange market yesterday to boost liquidity after ... to advance about 20 per cent against the dollar since July 2005. 'I think the central bank injected US dollars to stimulate lacklustre trade as participants were reluctant to sell the dollar ...

  4. Rising US dollar sees HK rise up list of costly cities for expatriates

    Posted Dec 05th 2008, 12:00am by Dennis Eng

    ... Dennis Eng Hong Kong has leapt up the rankings of the world's most expensive cities for expatriates to live in. This has been caused by strengthening of the US dollar resulting from ... the rebound of the US dollar for raising costs for expatriates in cities where the currency was tied to the greenback. 'Earlier this year, we reported falling costs of living in Hong Kong ...

  5. Foreign reserves fall below US$1.9tr as firms cling to dollars

    Posted Dec 23rd 2008, 12:00am by Staff Reporter

    ... Adam Chen in Beijing The mainland's foreign exchange reserves have dropped for the first time in five years with a decline in the amount of US dollars domestic companies sold to banks. Cai Qiusheng, an official of the capital account management department of the State Administration of Foreign Exchange (SAFE), told a forum that the reserves were now below the US ...

  6. US dollar plot claim is nuts

    Posted Apr 28th 2008, 12:00am by Tom Holland

    ... on its foreign debt. The author's argument was simple: China has lent hundreds of billions of US dollars to America in good faith. In return Washington is reneging on its side of the deal ... malignantly by allowing the devaluation of US dollars,' wrote the author Mei Xinyu, a senior researcher at the Ministry of Commerce. And to make sure readers understood the point, the article ...

  7. US dollar falling out of favour, says Rogers

    Posted Apr 08th 2008, 12:00am by Nick Westra

    ... Nick Westra and Maria Chan Investment guru Jim Rogers is warning that the US dollar is falling out of favour as the world's medium of exchange. Mr Rogers, a co-founder of Quantum Fund ... [yuan] is one of the safest investments in the world right now against the US dollar, and therefore against the Hong Kong dollar,' Mr Rogers said at a press conference in Hong Kong. 'I ...

  8. Beijing in a bind over huge US dollar assets

    Posted Oct 16th 2008, 12:00am by Staff Reporter

    ... of the US treasuries, Beijing plays an important role in helping support the financial market. But by clinging on to US dollar assets, it risks booking more losses. 'China can still stand up ... obviously set its face against further appreciation against the US dollar for the moment even as the effective rate hits record highs,' said Standard Chartered Bank's chief China economist ...

  9. Yuan continues gradual climb against US dollar

    Posted Jun 18th 2008, 12:00am by Staff Reporter

    ... Maria Chan The yuan set another record yesterday, breaking 6.9 to the US dollar, with the gradual rise expected to continue as Beijing tries to curb inflation without hurting exports, ... of the yuan sharply higher at 6.8919 when the market opened yesterday. Alan Luk Ting-lung, treasurer at American Express Bank, said market participants may expect US officials to call for a stronger ...

  10. Bank injections battle to rein in HK dollar

    Posted Nov 09th 2008, 12:00am by Staff Reporter

    ... Kong dollar and keep it within official trading limits against the US dollar. Funds had poured into the interbank market in New York trading as Hong Kong's currency hit 7.75 to the US ... system and the de-leveraging of previously long US dollar positions on risk reduction. The 11th such injection since the collapse of Lehman Brothers in September will bring the aggregate balance ...




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