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Home>Hong Kong Ramps Up Intervention to Curb Local Currency

Hong Kong Ramps Up Intervention to Curb Local Currency

3party Content

Fri, 1 Aug 2014

By Fiona Law Hong Kong's de facto central bank injected $65.1 billion Hong Kong dollars (US$8.4 billion) into the foreign-exchange market in July to defend the local currency peg to the U.S. dollar as foreign funds continued to pour into the city to feed a hunger for Chinese assets. Funds have been
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