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  1. Could the US dollar really collapse 33pc in a single day?

    Posted Nov 21st 2011, 12:00am

    ... is ushered in by a new financial crisis in which the US dollar loses a third of its value in a single day. In Chan's book, the US dollar's collapse is a handy plot device. But for the inhabitants of Hong Kong, much of whose wealth is tied to the US currency through the city's exchange rate peg, the thought of a US dollar crash is deeply unsettling. Reading The Fat Years, ...

  2. Hong Kong's US dollar peg remains the least of all evils

    Posted Oct 21st 2011, 12:00am

    ... Korea have risen against the US dollar by 37 per cent, 29 per cent, 13 per cent and 11 per cent respectively. The Hong Kong dollar has not budged against the greenback; it has been dragged down along with it owing to the linked exchange rate system which pegs our currency to the US dollar. Between 1998 and 2003, when other Asian currencies weakened, the peg forced us to go through ...

  3. China gold bar investors peg their hopes on a US dollar revival

    Posted Jul 11th 2011, 12:00am

    ... More interestingly, investors who buy it are effectively betting the yuan will drop in value against the US dollar. This positions it against a universe of China-themed investments that hone ... has risen more than 20 per cent against the US dollar since 2004, and that has encouraged many investors to punt on yuan products such as deposit schemes, insurance policies, bonds and funds. ...

  4. Despite US downgrade, dollar peg is still best option for HK

    Posted Aug 09th 2011, 12:00am

    ... Tom Holland The downgrade last week of the United States' credit rating has prompted a whole new round of questions about the future of Hong Kong's currency peg to the US dollar. 'How about dropping the peg to the US dollar completely and pegging the Hong Kong dollar to the yuan at the current exchange rate of about HK$1.2 to the yuan?' asks one reader. Other ...

  5. Beijing suffers attack of nerves over its holdings of US dollars

    Posted Jul 21st 2011, 12:00am

    ... Safe's officials have in mind is Safe itself. No one knows exactly how much of Safe's US$3.2 trillion stash of foreign currency is denominated in US dollars. But if China's holdings are in line with other countries', the proportion is at least 60 per cent. And given that the bulk of China's trade is denominated in US dollars and that Beijing has long managed the yuan ...

  6. Beijing and its shrinking fistful of US dollars

    Posted Aug 15th 2011, 12:00am

    ... worried than ever about its holdings of US Treasury bills and the dollars in its foreign exchange reserves. The Federal Reserve's commitment to maintaining low interest rates until at least ... the world's troubles. How should Beijing manage its close ties with the US economy? Should it dump its holdings of US debt and all the dollars in its exchange reserves? Or should it continue ...

  7. Bank tipped to ease yuan's peg to U.S. dollar

    Posted Jun 08th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com The People's Bank of China may allow the yuan to fluctuate more against the US dollar in a few weeks to check inflation, according to Standard Chartered ... that the People's Bank of China could widen the daily US dollar-yuan trading band- a formal exchange rate range the central bank is required to maintain- as it 'could create the conditions for modestly ...

  8. What will the yuan be worth in one year's time against the US dollar?

    Posted Jun 20th 2011, 12:00am

    ... investors might capitalise on any expected appreciation. Mark Matthews (head of research Asia, Bank Julius Baer) projects a 4.5 per cent appreciation of the yuan against the US dollar over the next ... this worries officials. One problem scenario might involve the US raising its interest rates (for whatever reason), making the dollar suddenly attractive again. 'This speculative money could ...

  9. Mundell: US dollar still be here in 90 years

    Posted Jan 20th 2011, 12:00am by Enoch Yiu

    ... Enoch Yiu The US dollar's status as the world's reserve currency was likely to remain unchallenged in the foreseeable future, a Nobel prize-winning economist said yesterday. ... bankers and executives gathered at the JW Marriott, Pacific Place, yesterday. 'The US dollar will not disappear in at least another 90 years,' Mundell said at a lunch co-hosted by ANZ ...

  10. Trillion-dollar China deals bypass us, say foreign firms

    Posted Apr 21st 2011, 12:00am

    ... Jane Cai in Beijing European companies are barred from much of the estimated US$1 trillion public procurement market on the mainland due to poor implementation of regulations, ... state-owned rail construction firms. Former railways minister Liu Zhijun is under investigation for corruption. The Chamber of Commerce study estimated that China had a seven trillion yuan (US ...




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