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 had dropped towards the weak end of its…
Business
Hong Kong intervenes to defend FX peg as local currency drops
The Hong Kong Monetary Authority (HKMA) purchased HK$9.4 billion (S$1.5 billion) of local currency. This came after the exchange rate…
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…
Business
Hong Kong buys US dollars to maintain FX peg in first since 2020
The Hong Kong Monetary Authority (HKMA) bought US dollars to cap the gains of the city’s currency, the first such intervention since 2020.…