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  • October 23, 2014
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  1. 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 ...

  2. Pledge to keep the US dollar peg promises a volatile future

    Posted Mar 29th 2012, 12:00am

    ... currency peg to the US dollar. Business bosses favour the peg because of the certainty they say it brings. But while they are surely right that the US dollar peg is better than the suggested alternatives, it promises little by way of stability. On the contrary, the peg may take us on a wildly volatile economic ride over the coming years. That is because the US dollar itself is likely ...

  3. 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 ...

  4. US putting dollar status at risk, economist says

    Posted Jan 17th 2011, 12:00am by Lulu Chen

    ... Lulu Chen As the US abuses the trust of creditor nations like China and Russia, it raises the threat of the dollar losing its reserve currency status, HSBC chief economist Stephen King ... and on the global level, the risk comes from a dollar crisis, he said. The difference is that the US can print dollars when it wants to. The consequences of printing money raises a threat ...

  5. The US dollar

    Posted Dec 16th 2009, 12:00am by Chris King

    ... Compiled by Chris King Money for business The US dollar is the currency- the metal coins or paper money used to buy things- of the United States. Dollars are also used all around the world for business deals. The Spanish dollar was created in 1497. Before the US dollar, the Spanish dollar was used for trade between countries. The modern Chinese yuan is based on this currency. The Spanish ...

  6. US-dollar assets 'key to foreign reserves'

    Posted Aug 13th 2007, 12:00am by Ting Shi

    ... that Beijing would sell off its vast US dollar reserves should Washington impose trade sanctions. In an apparent response to The Daily Telegraph report last Wednesday, an unnamed central bank official ... of China official's remark referred to 'western media's reports that China is threatening to carry out a massive sell-off of US dollars', Xinhua said. The remark is a further ...

  7. Weak US dollar brings benefits... and risks

    Posted Dec 06th 2004, 12:00am by Staff Reporter

    ... If the past six weeks are anything to go by, a weakening US dollar will bring surging liquidity to Hong Kong, and the higher equity and property values that come with it. It's not just that Hong Kong assets look like more of a bargain when the US dollar is weak. Some investors are also parking their money here in the hope of gaining from a revaluation of the yuan, ...

  8. Some more crazy ideas for replacing the HK dollar peg

    Posted Dec 30th 2010, 12:00am by Tom Holland

    ... interest-rate anchor and risk creating a dangerous mismatch between the Hong Kong dollar liabilities of the city's investment institutions and their US dollar assets. Unpersuaded, some readers have ... credibility of Hong Kong's monetary system. A simpler option, and one less open to manipulation, would be a peg to a fixed two-currency basket containing US dollars (50 per cent) and yuan (50 per ...

  9. Despite scare, dollar is in little danger

    Posted Nov 13th 2007, 12:00am by Tom Holland

    ... Tom Holland The US dollar has slipped to long-term lows against a range of major currencies in recent days, prompting a rising volume of talk about how the greenback is in danger of losing ... a shaky financial system and the weight of US indebtedness, say the chatterers. The US dollar will surely be deposed as the world's principal currency one day, but do not hold your breath. ...

  10. All gain and less pain in letting dollar float free

    Posted Dec 10th 2010, 12:00am by Staff Reporter

    ... such discussions became taboo in official circles, but as Hong Kong braces for the liquidity wash from the US quantitative easing, people are naturally concerned about the future of the Hong Kong dollar ... the territory during the prolonged Sino-British negotiations and the 13-year transition period. In other words, the fixed link between the Hong Kong dollar and the US dollar was meant to be political ...




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