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South Africa praises BRICS bank shift toward national currency use
04 Jul 2025 21:17 GMT
… financial operations helps reduce currency-exchange risks."
… as the Chinese yuan, Hong Kong dollar, and South African rand … system away from dollar dominance.
Currency Sovereignty
This pivot … insulating member economies from dollar-induced volatility and …
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HKMA intervenes twice to defend Hong Kong dollar as higher US rates harm band
04 Jul 2025 03:59 GMT
… trades and pressured the local currency to the weak side … defend the currency peg.
Hong Kong pegged its currency to the US dollar in 1983 … in a low-interest-rate currency to invest in assets … wang, head of Research for Hong Kong at Shanghai Commercial Bank.
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Hong Kong moves to defend FX peg for third time in a week
04 Jul 2025 08:12 GMT
… a week to support the currency, which dropped towards the … putting pressure on the Hong Kong dollar as local rates tumbled versus … latest intervention prompted the Hong Kong dollar to rebound to 7. … will keep buying the Hong Kong dollar to ensure its exchange …
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Hong Kong's de facto central bank intervenes to defend currency peg
04 Jul 2025 02:36 GMT
A Hong Kong dollar note is seen in this … .78 billion against the Hong Kong dollar after the local currency hit the weak … to the U.S. dollar, and the Hong Kong Monetary Authority (HKMA) intervenes … to defend the peg.
The Hong Kong dollar traded at 7.8479 against …
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JD.com, Ant Group Push for Yuan-Based Stablecoins to Counter Dollar Rule: Reuters
04 Jul 2025 12:45 GMT
… Hong Kong backed by the offshore yuan, aiming to boost the Chinese currency … already plan to issue Hong Kong dollar-backed stablecoins once local … the reach of its currency globally.
China has a … CNY). This central bank digital currency (CBDC) is seen as …
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CLSA ups 2025 Macau GGR growth forecast on China currency, new luxury hotel product
04 Jul 2025 12:47 GMT
… strengthened against the U.S. dollar “by 1.4 percent from … casinos are denominated in Hong Kong dollars, a currency pegged against the U … .S.’s currency. Most of the tourists to … on 20 June”.
The popular Hong Kong singer had nine shows scheduled …
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Stocks waver, dollar in doldrums as Trump’s tariff deadline looms
04 Jul 2025 12:47 GMT
… deals loomed next week.
The dollar retraced some of Thursday’s … ’s KOSPI sank 1.8%.
Hong Kong’s Hang Seng dropped 0 … and JPY.”
The U.S. dollar rallied overnight, taking it up … .
On Friday, the U.S. currency gave back a little of …
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Economist Huang Yiping floats Hong Kong as stablecoin staging ground
03 Jul 2025 09:06 GMT
… ’s monetary policy committee, acknowledged Hong Kong’s speedy progress in this … be pegged to any fiat currency, more than 99 per cent … backed by the US dollar or US dollar-denominated assets – far … it’s pegged to the Hong Kong dollar, which in turn is pegged …
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Hong Kong’s stablecoin regime takes shape as China eyes alternatives to dollar-based payments
03 Jul 2025 04:24 GMT
… stablecoin licenses in major currency jurisdictions. Ant Digital Technologies … stablecoins pegged to the Hong Kong dollar will be regulated as … Futures Commission of Hong Kong recently issued upgraded … and trade ecosystems.
Hong Kong’s stablecoin initiative, …
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Asian stocks wobble, dollar edges down with tariff deadline in focus
04 Jul 2025 03:17 GMT
… deals loomed next week.
The dollar retraced some of Thursday… and losses in early trading.
Hong Kong's Hang Seng slumped … the table.
The U.S. dollar rallied, taking it up as … on Friday, the U.S. currency gave back a little of …