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  • October 26, 2014
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  1. Looming US dollar shortage could wreak massive damage

    Posted Jun 26th 2012, 12:00am

    ... Tom Holland Yesterday the yuan fell to its weakest against the US dollar since late last year. In just the last couple of months, the Chinese currency has fallen 1.3 per cent. That's ... of Asia's emerging economies- the Korean won, the Singapore dollar, the Indonesian rupiah and so on- have fallen across the board against the US dollar. And it's not just Asian currencies. ...

  2. Australia seeks direct yuan conversion, a threat to US dollar's dominance

    Posted Jul 12th 2012, 12:00am

    ... such a bilateral currency arrangement. The move is designed to help the Sino-Australian commodities trade and would pose a fresh challenge to the world dominance of the US dollar. It comes just two weeks ... after the US dollar for which direct conversion into yuan is permitted. Wayne Swan (pictured), Australia's deputy prime minister and treasurer, told a Hong Kong forum yesterday that he ...

  3. StanChart sees yuan fall against US dollar

    Posted Jun 07th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com The yuan is likely to depreciate against the US dollar this year due to weakening economic growth at home and slumping exports, Standard Chartered economists ... the yuan to the US dollar as it did after the 2008 financial crisis, and sees it continuing to allow more two-way movement in the currency. Beijing scrapped the yuan's decade-old peg ...

  4. HK's circumstances have not altered enough to invalidate peg to US dollar

    Posted Jun 16th 2012, 12:00am

    ... Joseph Yam Chi-kwong's recent paper rehearses at length the arguments for and against the Hong Kong peg to the US dollar ('HK 'can ditch dollar peg'- Yam', June ... circumstances have not altered enough to invalidate that support. In 2047, the Hong Kong dollar will inevitably be fused with the renminbi. Many expect it to happen sooner. Whether it does should depend ...

  5. Strong US dollar may be what starts yuan's global rise

    Posted Apr 09th 2012, 12:00am

    ... Tom Holland It's become almost an article of faith that structural weakness of the US dollar will accelerate the internationalisation of the yuan; as one declines, the other ... be the US dollar's strength. In recent decades, the world has got used to using the US currency. Most of the world's trade is priced and settled in US dollars, even if the goods traded ...

  6. 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, ...

  7. 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 ...

  8. 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. ...

  9. 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 ...

  10. 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 ...




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