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Currency News

HKMA intervenes as Hong Kong dollar weakens, buys HK$1.96 bln

17 May 2018 10:45Nasdaq
NEW YORK, May 17 (Reuters) - The Hong Kong Monetary Authority (HKMA) stepped into currency markets on Thursday during U.S. trading hours, buying HK$1.96 billion ($249.69 million) as its currency hit the weak end of its trading band. more

From corporate bonds to the HK dollar, analysts see the QE unwind

19 Apr 2018 11:30Reuters
(Reuters) - The long-awaited unwinding of the Federal Reserve's balance sheet could be having negative consequences across markets, including recent U.S. more

Cool the Hong Kong Peg Fever (Again). It's Going Nowhere: Gadfly

06 Mar 2018 00:45Washington Post
Rumors of the Hong Kong dollar peg's impending demise have always been vastly exaggerated. This time is no different. At 7.8321 to one U.S. more

Hong Kong Disneyland Loss Doubles in 2017 to HK$345M

21 Feb 2018 03:45Mingtiandi
Hong Kong Disneyland Resort has lost more of its magic, with its financial deficit doubling to over HK$345 million ($44.1 million) last year. more

Dollar wallows near three-year lows, headed for biggest weekly loss since May

15 Feb 2018 18:56Reuters
The U.S. currency has been weighed down by a variety of factors this year, including concerns that Washington might pursue a weak dollar strategy and the perceived erosion of its yield advantage as other countries start to scale back their easier ... more

Market exchange rates in China -- Feb. 9

08 Feb 2018 20:03Xinhua
BEIJING, Feb. 9 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Friday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan ... more

Watch for resources to outperform paper assets, once this market reset is over

05 Feb 2018 21:16South China Morning Post
History shows when it exceeds the HK$2.5 trillion threshold, a sharp deceleration of exports and probably an exodus of capital follow, manifested as a sharp shrinkage of net external bank claims, which means Hong Kong corporate earnings growth will ... more

HK-Listed China Merchants Port To Sell Chiwan Stake, Book HK$3.88 Bln Gain

05 Feb 2018 21:00Nikkei Asian Review
HONG KONG (Feb 06) -- Hong Kong-listed China Merchants Port Holdings said on Monday it agreed to dispose of its stake in unit Shenzhen Chiwan Wharf Holdings to units of its controlling shareholder group, booking a net gain of HK$3.88 billion ($496 ... more
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