#HongKong Intervenes, Fails To Rescue Dollar From Breaking Peg | Zero Hedge

April 12, 2018 / www.zerohedge.com / Article Link

Having broken the lower limit of its currency peg band overnight, The Hong Kong Monetary Authority bought the local currency overnight for the first time since the current peg was imposed in 2005. However, the HK$816mm bought failed to move the needle...Read full news

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