The Hong Kong Monetary Authority sold 4.67 billion Hong Kong dollars in the foreign-exchange market Friday New York time to prevent the Hong Kong dollar from strengthening beyond its peg to the U.S. dollar.
WSJ.com: What's News US, Wall Street Journal
Sat, 10/20/2012 - 1:08am
The Hong Kong Monetary Authority sold 4.67 billion Hong Kong dollars in the foreign-exchange market Friday New York time to prevent the Hong Kong dollar from strengthening beyond its peg to the U.S. dollar.