Economic TimesLean R·
Global Market: Hong Kong dollar nears weak side of trading band, raising prospect of HKMA intervention
The Hong Kong dollar neared the weak end of its trading band against the US dollar, raising the possibility of Hong Kong Monetary Authority intervention to defend its peg. Weak equity performance, subdued investment flows, and rising US interest rates have pressured the currency, though analysts expect the linked exchange rate system to remain stable.
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