Hong Kong dollar/USD: Seesaw effect By Fion Li, Bloomberg | July 1, 2014 Hong Kong’s de-facto central bank stepped in for the first time since December 2012 to prevent the city’s currency from rising against the U.S. dollar, as demand rose on commercial activities. Offshore yuan drops most in 15 months as China probes inflows By Fion Li, Bloomberg | May 6, 2013 The yuan fell in Hong Kong’s offshore market by the most in 15 months and the onshore spot rate retreated from a 19-year high as China stepped up scrutiny of cash transfers from abroad. Yuan passes euro as second-most used trade-finance currency By Fion Li, Bloomberg | December 3, 2013 China’s yuan overtook the euro to become the second-most used currency in global trade finance after the dollar this year, according to the Society for Worldwide Interbank Financial Telecommunication. China yuan touches 19-year high, nears limit of band By Fion Li, Bloomberg | October 8, 2012 The yuan touched its highest level since 1993, nearing the strong end of the trading range allowed by the central bank, on speculation policy makers will take more steps to counter a slowdown in the U.S., the world’s largest economy. Yuan approaches 19-year high after Japan announces more stimulus By Fion Li, Bloomberg | October 30, 2012 China’s yuan gained, approaching a 19-year high, after the Bank of Japan announced fresh stimulus and on speculation its trading band may be widened.