US dollar

New Business

HKMA warns borrowers that Hibor could bounce back after hitting near 3-year low

Mortgage borrowers were able to save more after the one-month Hong Kong interbank offered rate (Hibor) fell below 1 per…

Read More »
New Business

Moody’s downgrade, US debt fears unsettle markets, reviving mini ‘sell America’ trade

Investors faced yet another bumpy start to the trading week with US assets coming under fresh pressure, although it’s mounting…

Read More »
New Business

China’s yuan fit to rival US dollar as global currency if more accessible: economist

China’s yuan has the potential to rival a weakening US dollar as a global currency if Beijing liberalises convertibility and…

Read More »
New Business

Goldman Sachs, UBS raise China economic growth forecasts after US trade truce

With tariff reductions signalling a de-escalation of trade tensions between China and the United States, investment banks are upgrading their…

Read More »
New Business

Offshore yuan gets a lift as market awaits outcome of US-China trade talks

With reports circulating of a breakthrough in China-US trade talks, the offshore yuan jumped in value against the US dollar…

Read More »
New Business

Taiwan dollar surge ‘a warning shot’ in Asia’s trend towards de-dollarisation: analysts

The New Taiwan dollar’s sudden surge in recent days, along with the appreciation of other Asian currencies, highlights the prospect…

Read More »
New Business

Explainer | What’s in store for homebuyers as HKMA intervenes in currency market

The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market over the past week to rein in the…

Read More »
New Business

Canadian CEO cuts out US middlemen, forges direct China ties as supply chains break down

Amid the labyrinth of stalls at Yiwu’s small-commodities market – the world’s largest wholesale hub, located in eastern China –…

Read More »
New Business

China avoiding ‘disruptive’ de-dollarisation despite US trade war, report says

China has done little to de-dollarise its economy despite a push to resist Washington in a tumultuous trade war, and…

Read More »
New Business

China’s offshore yuan jumps to 6-month high as rollback of ‘egregious’ tariffs seen likely

The offshore yuan strengthened and broke past the 7.2 level against the US dollar for the first time since November,…

Read More »
Back to top button