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Currency News

Hong Kong dollar's travails point to global greenback supply problem

12 Mar 2018 20:30South China Morning Post
The recent weakening of the Hong Kong dollar against the US dollar may not be just a local event where markets have identified an opportunity to shift out of a lower yielding currency into a higher yielding one. more

China Exports Hold Up as Commodities, Base Effects Boost Imports

07 Feb 2018 21:30Bloomberg
"More working days would definitely have an impact," said Gai Xinzhe, an analyst at Bank of China's research institute, referring to the holiday in January 2017. more

Market exchange rates in China -- Feb. 8

07 Feb 2018 19:41Xinhua
BEIJING, Feb. 8 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Thursday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in ... more

Returning to Hong Kong after the horror of Sars

01 Feb 2018 05:37Telegraph.co.uk
Now property values are crashing, unemployment has risen to record levels, deflation is rampant, wages are falling, and there is talk of a tax hike to balance the books - either that, or freeing the Hong Kong dollar from its peg to the US dollar. The ... more

Hong Kong's Dec yuan deposits at 559.1 bln yuan, virtually unchanged from Nov

31 Jan 2018 04:05Reuters
HONG KONG, Jan 31 (Reuters) - Yuan deposits in Hong Kong, the biggest offshore yuan center, stayed virtually unchanged at 559.1 billion yuan ($88.93 billion) in December, the Hong Kong Monetary Authority said on Wednesday. more

Market exchange rates in China -- Jan. 30

29 Jan 2018 19:52Xinhua
BEIJING, Jan. 30 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 23 major currencies announced on Tuesday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in ... more

Hong Kong's Exchange Fund posts best returns ever, thanks to global stocks rally

29 Jan 2018 03:33South China Morning Post
Foreign exchange gains - mainly from the translation of foreign exchange assets into Hong Kong dollar values - totalled HK$53.5 billion, compared to a loss of US$15.8 billion in 2016. more

Hong Kong's London Love Affair

28 Jan 2018 16:52Bloomberg
The Walkie Talkie building, meanwhile, went to LKK Health Products Group Ltd., a Hong Kong-based maker of herbal personal care products. more
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