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February 5, 2016

Hong Kong | Will the city abandon its decades-old peg to the USD?

A number of hedge funds have shifted their attention to Hong Kong Dollar (HKD), speculating on the possibility of the currency abandoning its decades-old peg to the USD. It has led the HKD to soften against the USD and raised the interbank interest rate. However, we believe that HKD de-pegging is an unlikely scenario for a …

December 7, 2015

The renminbi as a benchmark currency

On 30 November the International Monetary Fund (FMI) announced its decision to include China’s currency (the renminbi, RMB) in its basket of benchmark currencies, which is used to determine the value of special drawing rights (SDRs).