Culture
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…
Tag
peg
Culture
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),…
Culture
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.…