US dollar

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Chinese firms urged to deepen Asean roots as US cracks down on transshipments

Beijing should encourage its firms to deepen integration with Southeast Asian economies instead of using the region as a transshipment…

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Hong Kong fights carry trade pressure with US dollar sales to maintain currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market on Tuesday, for the sixth time since late…

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China’s monetary policy impact not yet unleashed, PBOC says with 5% GDP goal in mind

China’s central bank intends to carefully calibrate the intensity and pace of its “moderately loose” monetary policy implementation, taking steps…

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Hong Kong trails Singapore, London as priciest city for rich lifestyle, Julius Baer says

Hong Kong has become relatively cheaper for wealthy individuals over the last year, dropping from second to third on a…

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HKMA intervenes in the market for the fifth time in 2 weeks to defend currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign-exchange market on Friday for the fifth time in two weeks,…

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Why China’s yuan can be safe-haven currency – former bank official flags its ‘advantages’

The yuan has the potential to become a safe-haven currency, a former central bank official said while calling for capital-control…

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Chinese digital yuan partner signs deal with Hong Kong firm to develop stablecoin tech

A Beijing-based fintech services provider, which has provided billing systems for China’s digital yuan, has signed a strategic partnership with…

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Why China’s yuan is forecast to extend gains against the US dollar through 2025

Market optimism for the Chinese currency continues to rise, with analysts projecting the yuan to appreciate further against the US…

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Hong Kong mortgage loans hit 12-month high of US$3.4 billion as low rates lure refinancers

Hong Kong’s approved mortgage loans surged to a one-year high in May as more homebuyers sought to refinance their existing…

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Macroscope | Central banks rush to gold as fears of US dollar crisis mount

Why are central banks, including those of China and India, adding gold bullion to their reserves at an almost alarming…

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