President Trump’s suggestion that he would cut off all trade with countries that trade with North Korea is an empty threat when it comes to China. But the risk of some form of trade sanction has...

The renminbi’s strong gains against the dollar over recent weeks caught many by surprise, and most think they will reverse before long. By contrast, we believe there is a good chance that appreciation...

The renminbi’s continued strength against the US dollar this month has forced us to update our forecasts. The Hong Kong dollar, by contrast, has declined to record lows against the US currency and may...

While other currencies have recently been rising against the US dollar, the Hong Kong dollar has been sliding to historic lows, albeit within the narrow confines of its currency peg. This is the...