The Hong Kong dollar dropped to the weak end of its fixed trading range against the greenback, raising the prospect of intervention to buoy it. The city’s dollar weakened to trade briefly at 7.85 ...
SINGAPORE/HONG KONG (Reuters) -U.S. President Donald Trump's erratic policies are rattling a currency peg that has withstood the test of time and is seen as an anchor for China and Asia. The Hong Kong ...
The Hong Kong dollar edged closer to the weak end of its trading range as sliding local interest rates encouraged traders to increase their borrowing of the currency to fund carry trades. The local ...
The Hong Kong Monetary Authority has sold over a 100 billion in Hong Kong dollars in the foreign-exchange market this month, as the Hong Kong currency's strength threatens its peg to the U.S. dollar.
The Hong Kong currency peg, in its present form, has existed since 1983. However, some Hong Kong observers have begun to question whether the HK dollar’s link to the US dollar is relevant and in the ...
HONG KONG/SHANGHAI, Jan 9 (Reuters) - Hong Kong has no intention and sees no need to change the system that pegs the city's currency in a tight band to the U.S. dollar and has the ability to defend it ...
Many things have changed since the pandemic, including Hong Kong shopping habits. Nowadays, Hong Kong residents often head across the border to shop on the Mainland, putting together fun daytrips that ...