The Hong Kong Monetary Authority intervened twice in one week to maintain the Hong Kong dollar peg. What is driving Hong Kong dollar's appreciation? Will the surge abate soon? CT asks the experts.
China’s banks’ purchases of US dollars maybe turning negative on a net basis, implying the dollars China raises through exports are no longer enough to cover its dollar import costs. Is China’s corporate sector witnessing a dollar shortage?
Joseph Yam, the former head of the Hong Kong Monetary Authority, suggested Hong Kong should review its currency peg to the dollar. The government has rebuked it but should we take Yam’s dramatic change of heart seriously? CT asks a series of experts their opinions.
Jun 18, 2012
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