Hong Kong authorities said they continued to purchase US dollars in an attempt to defend the foreign exchange peg. The Hong ...

The Hong Kong dollar tested the strong end of its allowable trading band for a second session Monday, as regional currencies ...

Before Friday, the last time the HKMA intervened to cap the currency’s gains was in 2020. In comparison, it stepped into the ...

Hong Kong dollar strength will likely sustain for longer in 2025,” Raymond Yeung and Khoon Goh of Australia & New Zealand Banking Group wrote in a note, adding that “The influx of capital into the ...

The Hong Kong dollar’s rally to HK$7.75 triggered intervention from the HKMA to sell Hong Kong dollars to defend the currency’s peg to the greenback, Mizuho Securities Asia’s Ken Cheung said ...

Hong Kongs de-facto central bank, the Hong Kong Monetary Authority (HKMA), intervened in the foreign exchange market on ...

The Hong Kong Monetary Authority bought $7.8 billion (HK$60.5 billion) against the Hong Kong dollar on Tuesday, and has been intervening since May 2 as the currency repeatedly hit 7.75 ...

The Hong Kong dollar is pegged to a tight band between 7.75 and 7.85 per U.S. dollar. The Hong Kong Monetary Authority intervened as the Hong Kong dollar touched the strong side of that currency ...

after the Hong Kong dollar once again hit the strong end of its trading band. The former British colony still pegs the value of its currency to that of the US dollar. It’s an arrangement that ...

(Bloomberg) -- Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority sold a record HK$60.5 ...