Hong Kong struggles to keep 29-year-old peg to the U.S. Dollar

Note: This section contains information in English only.
Source: Bloomberg
The Hong Kong Monetary Authority sold its currency for the fifth time in two weeks to keep the peg to the greenback. The central bank added $350 million to the banking system yesterday following a $603 million intervention on October 19, as the Hong Kong Dollar touched the upper limit of the trading band. Hong Kong's currency traded at HK$7.7501 against the U.S. Dollar today.
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Wed, 31 Oct 2012 06:51:02 GMT

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