US dollar

Yield demand deters dim sum debt issuers

9 May 2013

The cost of funding the so-called dim sum bonds has risen as the swap rates between the yuan and the US dollar are at record lows, tempering the pace of investment-grade corporate bond issues by...

5:15AM

Argentina takes new measures as black-market peso sinks

8 May 2013

Argentina urged middle-class dollar savers and rich investors holding assets overseas to declare their greenbacks through a tax amnesty plan meant to shore up the country’s wobbly currency.

10:49AM

Beijing cracks down on hot money inflows for bets on yuan appreciation

7 May 2013

In a circular to commercial banks the State Administration of Foreign Exchange (SAFE) introduced for the first time a minimum net open position in US dollars, restricting banks' capacity to lend...

4:17AM

Hong Kong not gaining from peg

6 May 2013

The Hong Kong dollar is pegged to the US dollar by a currency board. This obsolete arrangement is also used by other economies such as Bermuda, Antigua and Barbuda, and the Cayman Islands.

2:55AM

'Made in America' means added pain for Hong Kong

2 May 2013

For the past 10 years, Hong Kong's economy has been boosted by twin external superchargers. Now, both are in danger of breaking down.

3:47AM

13 comments

HKMA's push for yuan as an economic pillar is puzzling

28 Apr 2013

Why should a company outside of China want to accept payment in yuan for goods exported to China? Where can it find yuan to pay for imports from China?

5:02AM

2 comments

Opinion

Michael Cox

The last straw for Terry Wong?

2:53PM

Jake Van Der Kamp

iBonds are little help in easing inflation and a bad bet financially

3:55AM

Yuan's rise traps authorities between rock and hard place

The yuan climbed to a record post-revaluation high against the US dollar yesterday. After its recent gains, the Chinese currency has now appreciated by 1 per cent against the US dollar so far this...

4:13AM

Yuan reaches record high against the US dollar

The People's Bank of China set the midpoint at 6.2506 yuan per US dollar - up from the fixing of 6.2578 on Thursday - ahead of a visit by US Secretary of State John Kerry to Asia. The yuan jumped...

6:22AM

12 comments

Yuan strengthens to highest level against US dollar in 19 years

The yuan strengthened beyond 6.21 per US dollar for the first time in 19 years yesterday after the People's Bank of China raised the currency's reference rate and as investors reassured by a...

4:59AM

JAKE'S VIEW

HKMA prays for deliverance from loose money

If they are not quite down on their knees at the Hong Kong Monetary Authority (HKMA), there is a least a silent prayer emanating from that tall office block with the set of roof claws from the...

7:45AM

INVESTMENT

Bubble trouble for fixed-income assets?

Fixed income was the hot asset of 2012, producing equity-like returns for debt-like risks. Within it, Asian bonds issued in US dollars produced stellar returns for investors.

4:58AM

US dollar hits new 20-month high on easing hopes

The dollar rose past 85.00 yen in early Asian trade on Wednesday on expectations that the Bank of Japan (BoJ) would take more monetary easing steps under pressure from the incoming government.

9:17AM