Business
Hong Kong’s de facto central bank intervenes to defend currency peg
Hong Kong’s de-facto central bank said it intervened twice on Friday and sold US$3.78 billion against the Hong Kong dollar after the local…
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peg
Business
Hong Kong moves to defend FX peg for third time in a week
Hong Kong authorities intervened for the third time in a week to support the currency, which dropped towards the weak end of its official…
Business
Hong Kong steps up defence of FX peg as fixed range tested again
The latest intervention will turn trader focus to the city’s interbank rates, known as Hibor. Hong Kong’s de-facto central bank ramped up…
Business
Hong Kong intervenes to defend FX peg as local currency drops
In addition to pushing the currency back into its permitted trading range, the move will also make bearish bets more costly Hong Kong’s de…
Business
Hong Kong to maintain US dollar peg despite geopolitical tensions
Hong Kong will maintain its currency peg to the US dollar, the financial hub’s leader said in an interview published on Monday (Jun 9),…
Business
Hong Kong sells record amount of currency to defend exchange peg
The recent rally in currencies of trade-dependent Asian economies is fuelling concerns among central bank policymakers Hong Kong…