#Latest news with #tyronesiuWall Street Journal06-05-2025BusinessWall Street JournalHKMA Sells Hong Kong Dollars as Currency Approaches Peg to GreenbackThe Hong Kong Monetary Authority sold a total of US$15.05 billion worth of Hong Kong dollars so far this year. Photo: tyrone siu/Reuters The Hong Kong Monetary Authority has sold over a 100 billion in Hong Kong dollars in the foreign-exchange market this month, as the Hong Kong currency's strength threatens its peg to the U.S. dollar. 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 in an email.
Wall Street Journal06-05-2025BusinessWall Street JournalHKMA Sells Hong Kong Dollars as Currency Approaches Peg to GreenbackThe Hong Kong Monetary Authority sold a total of US$15.05 billion worth of Hong Kong dollars so far this year. Photo: tyrone siu/Reuters The Hong Kong Monetary Authority has sold over a 100 billion in Hong Kong dollars in the foreign-exchange market this month, as the Hong Kong currency's strength threatens its peg to the U.S. dollar. 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 in an email.
06-05-2025
