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Currency News

Recent volatility aside, Hong Kong's dollar peg is here to stay

25 Apr 2018 04:11South China Morning Post
First, a flush of liquidity created by quantitative easing in developed economies has flowed to the Hong Kong dollar in search of higher returns. more

Hong Kong dollar strengthens to 4-week high

18 Apr 2018 22:22Financial Times
The Hong Kong dollar touched its strongest level in more than 4 weeks on Thursday hours after the city's de facto central bank said the market had “strong” confidence in its ability to support the currency. more

BRIEF-Hkma Buys Another Hk$10.17 Billion To Keep Hong Kong Dollar In Trading Band

18 Apr 2018 16:22Nasdaq
BRIEF-Hkma Buys Another Hk$10.17 Billion To Keep Hong Kong Dollar In Trading Band. April 18, 2018, 05:14:00 PM EDT By Reuters. more

Brace for more intervention on the Hong Kong dollar: strategist

17 Apr 2018 13:00MarketWatch
And the weak Hong Kong dollar means that its imports are now skyrocketing in price.” So far, however, interventions have only stabilized the pair, meaning that to reverse the Hong Kong unit's selloff more action is necessary, said Mitul Kotecha, senior ... more

Defending the Hong Kong dollar takes a more sociable approach

16 Apr 2018 15:00Financial Times
Monetary authorities tend to rely on traditional forms of communication, such as emails and website updates, when informing journalists about market-sensitive news. more

Hong Kong Plows $1.7 Billion Into Defending Currency to Little Effect

15 Apr 2018 22:45Bloomberg
The Hong Kong dollar remains stuck at the weak end of its currency band, even after the monetary authority plowed $1.7 billion into defending the peg. more

Hong Kong, China stocks slump as worries over Hong Kong dollar persist

15 Apr 2018 21:54MarketWatch
Asian stocks' early gains eroded Monday, led by declines in Hong Kong and mainland China over worries about the Hong Kong dollar. The currency last week weakened to the bottom of its trading band against the U.S. dollar, leading Hong Kong's monetary ... more

Don't worry about the Hong Kong dollar but watch out for higher rates, city's ...

15 Apr 2018 05:37South China Morning Post
Hong Kong's monetary authority spent HK$9.96 billion (US$1.27 billion) to prop up the city's currency last week, but while the move is no cause for alarm, people should not expect the low-interest rate environment in the city to last forever, according ... more
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