Articles

  • 2 weeks ago | bloomberg.com | Tian Chen |Iris Ouyang

    Hong Kong five-hundred, one-hundred and twenty-dollar banknotes are arranged for a photograph in Hong Kong, China, on Thursday, April 23, 2020. The Hong Kong Monetary Authority intervened for a third straight day this week to defend its currency peg as the local dollar touched the strong end of its trading band.

  • 1 month ago | finance.yahoo.com | Tian Chen |Matthew Burgess

    Unlock stock picks and a broker-level newsfeed that powers Wall Street. Tian Chen and Matthew Burgess Sun, May 4, 2025, 10:59 PM 4 min read In This Article: (Bloomberg) -- Asian currencies ripped higher against the US dollar Monday, extending a move that’s hurting exporters, weighing on equities and forcing central banks to intervene in the market to curb excessive gains.

  • 1 month ago | bloomberg.com | Tian Chen |Matthew Burgess

    A worker counts U.S. dollar banknotes at a currency exchange office in Jakarta, Indonesia, on Wednesday, March 2, 2022. The dollar is rising against virtually every peer as fallout from the sanctions levied against Russia supercharge demand for the world’s reserve currency.

  • 2 months ago | news.bloombergtax.com | Tian Chen |Iris Ouyang

    XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

  • 2 months ago | bloomberg.com | Tian Chen |Iris Ouyang

    Chinese one-hundred yuan banknotes going through a currency counting machine in Hong Kong, China. Photographer: Lam Yik/Bloomberg(Bloomberg) -- The cost to borrow the offshore yuan in Hong Kong dropped to the lowest since data became available in 2013, putting pressure on the Chinese currency even as the dollar weakens. The one-month Hong Kong interbank offered rate for the yuan — known as Hibor — dropped 11 basis points to 1.46%, according to official data.

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