Similar Stories to What’s Pulling At The Hong Kong Dollar’s Peg: Quicktake on Bing News

Pegged to the U.S. dollar since 1983, the Hong Kong dollar is usually a dull currency. Except when it isn’t. While its trading band of HK$7.75 to HK$7.85 per U.S. dollar, set in 2005, has never been broken, it keeps getting tested. That forces the Hong Kong Monetary Authority, the de-facto central bank, to follow its mandate and intervene, raising questions about how long this can continue and the implications for Hong Kong’s wider economy.

Topics:  hong kong monetary authority   hong kong s   u.s    hong kong   hk   peg   
BING NEWS:
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    11/19/2024 - 2:29 pm | View Link
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