US dollar

HKMA prays for deliverance from loose money

8 Jan 2013

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...

Bubble trouble for fixed-income assets?

31 Dec 2012

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.

US dollar hits new 20-month high on easing hopes

26 Dec 2012

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.

Cash dam reopened to flush out hot money

22 Dec 2012

The city's de facto central bank again sold down the Hong Kong dollar yesterday to maintain the currency peg to the US dollar as so-called hot money continued to pour in.

Latest US easing prompts HKMA inflation warning

14 Dec 2012

The latest round of US monetary easing has put Hong Kong's de facto central bank on high alert over the outlook for inflation as the prospect of more speculative money finds its way into the city'...

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Wang Xiangwei

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Alex Lo

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George Chen

A house is not a home until it becomes affordable

HKMA in HK$12 billion currency cooling measure

The Hong Kong Monetary Authority stepped into the currency market again yesterday to weaken the Hong Kong dollar as the rush of "hot money" continues to flow into the city.

Hot money inflow may rock markets, warns HKMA's Norman Chan

Hong Kong Monetary Authority chief executive Norman Chan Tak-lam has warned of volatile investment markets ahead, due to hot money flowing into the city.

US jobless rate drops but crisis continues

The US unemployment rate slipped to a December 2008 low in November but the job market remains stuck in a grinding crisis, government data released onFriday shows.

Business Digest, December 8, 2012

HKMA sells HK$3.875b to weaken HK dollar

JAKE'S VIEW JAKE VAN DER KAMP

Offshore yuan market is mainly for speculation

And Beijing pushes ahead with yuan triumphalist campaign. It seems every second day that we read of yet another country eager to open an offshore yuan trading centre. Move aside, US dollar. The...

SECURITIES BONDS

Are bonds overvalued?

Our love affair with bonds grows more intense by the day. From investment grade conglomerates in Hong Kong to high-yield energy companies in Kazakhstan, our appetite for credit risk - apparently...