Hong Kong authority intervenes to check local currency's rise

asia.nikkei.com/Business/Markets/Currencies/Hong-Kong-authority-intervenes-to-check-local-currency-s-rise

Hong Kong's de-facto central bank said it sold 46.54 billion Hong Kong dollars ($6 billion) on Saturday to prevent the currency from strengthening beyond its official peg to the U.S. dollar, the first such intervention in more than four years.
The Hong Kong dollar is pegged to a tight…

This story appeared on asia.nikkei.com, 2025-05-03 00:00:00.
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