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Hong Kong Buys $5.85 Billion This Month to Defend Currency Peg
Bloomberg Hong Kong’s de facto central bank bought U.S. dollars for the first time in a week to maintain the local currency’s peg, taking this month’s purchases to $5.85 billion. The Hong Kong Monetary Authority accumulated $1.2 billion in New York hours on … and more |
From:: Hong Kong News By Google News
Zennie Abraham | Zennie Abraham or “Zennie62” is the founder of Zennie62Media which consists of zennie62blog.com and a multimedia blog news aggregator and video network, and 78-blog network, with social media and content development services and consulting. Zennie is a pioneer video blogger, YouTube Partner, social media practitioner, game developer, and pundit. Note: news aggregator content does not reflect the personal views of Mr. Abraham.