Silver as an investment

Category Archives: Hong Kong dollar

China Busts Gang That Smuggled $3 Billion Out Of The Country

China’s crackdown on capital outflows has been a boon for organized crime in the region, with Chinese triad gangs and even Japanese Yakuza organizations partaking in the smuggling bonanza. Over the summer, we reported on a case of Yakuza gangsters teaming up with wealthy Chinese to smuggle thousands of tons of gold out of the […]

Offshore Yuan Tumbles To 2-Week Lows, Biggest Drop Since Election

Offshore yuan has now dropped almost 16 handles in the last 8 days since Chinese officials voiced their concerns "about a rallying yuan as exporters come under strain." Tonight's tumble pushes the Yuan to its lowest since August for the biggest 8-day drop since the election…   And offers Trump some excuses to be mad […]

“The Taps Are Gushing” Hong Kong ATM Withdrawals Surge As Facial Recognition Fears Spread

Amid a crackdown on unauthorized mainland currency outflows by forcing ATM users to undertake facial recognition before cash is dispensed in Macau, Hong Kong ATMs are reportedly being hit by a massive surge in withdrawals from China's UnionPay bank cards. As The South China Morning Post notes, the mainland has been strengthening regulations since last […]

Hong Kong Interbank Rates Spike To Highest Since Lehman

For only the third time since Lehman, the price of liquidity in the Hong Kong Dollar interbank markets has exploded higher. Overnight HKD Hibor soared over 60 basis points to 0.71407% in Monday trading – the highest since October 2008…   Note that the two previous spikes were around year-end, so this is unusual in […]

Hong Kong Dollar Plunges To Weakest Since Aug 2007

zerohedge.com / by Tyler Durden on 01/19/2016 10:32 Modest overnight weakness in the Hong Kong Dollar has accelerated notably as the US session starts with USDHKD down 150 pips in the last hour, plunging to its weakest against the dollar since Aug 2007… 12 month forwards have been leading this collapse and still indicate HKD dropping […]

Emerging Markets: What has Changed

marctomarket.com / by Marc Chandler / JANUARY 15, 2016 1) The Hong Kong dollar posted its biggest two-day decline since 1992 2) Bank Indonesia restarted its easing cycle, cutting rates for the first time since February 2015 3) Poland’s current Monetary Policy Council (RPP) held its last policy meeting 4) Poland’s president proposed a draft bill on […]