• Sat
  • Aug 23, 2014
  • Updated: 3:08pm

US dollar

How the US dollar destabilises the world

Karl Schiller, West Germany's economics minister between 1966 and 1972, pithily pronounced that "stability is not everything, but without stability, everything is nothing".

Tuesday, 4 March, 2014, 7:08am 5 comments

Emerging nations stem capital flows

Emerging markets from Brazil to India took steps this week to stem an outflow of capital as concern mounted that developed nations are approaching an end to an era of pumping unprecedented liquidity into their economies.

14 Jun 2013 - 3:49am

Yuan heads for key level against dollar

The yuan could breach another key psychological level this year to trade at 6 to the US dollar as the mainland authorities seem inclined to ease the reins on the currency further.

Spot yuan closed yesterday at 6.1287 per dollar in Shanghai. It has been hitting 19-year highs frequently in the past few months and has strengthened about 1.7 per cent against the dollar since April.

6 Jun 2013 - 3:41pm

China's yuan set for monthly gain versus US dollar amid reform bets

The mainland's currency, the yuan, headed for its third monthly gain yesterday as the central bank set a record fixing for the currency, fuelling optimism officials will accelerate exchange-rate mechanism changes.

1 Jun 2013 - 4:19am

China yuan near 19-year high versus US dollar as exchange reserves grow

The yuan traded within 0.2 per cent of a 19-year high yesterday, amid speculation capital inflows would spur appreciation. China might face "large scale" inflows of speculative funds in the next few years, which would drive asset prices higher and push up consumer prices, Su Ming, deputy head of the Ministry of Finance's research institute for fiscal science, said in an article published yesterday in People's Daily. New-home prices rose last month in 68 of 70 cities tracked by the government, data showed on Saturday.

21 May 2013 - 4:25am

Yield demand deters dim sum debt issuers

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 foreign issuers, industry experts said at a forum yesterday.

9 May 2013 - 5:15am

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

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 in the greenback.

7 May 2013 - 4:17am

Hong Kong not gaining from peg

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.

6 May 2013 - 2:55am

'Made in America' means added pain for Hong Kong

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

2 May 2013 - 3:47am 13 comments

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

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?

28 Apr 2013 - 5:02am 2 comments

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