Business

Hong Kong intervenes again to defend peg as US dollar advances

HONG KONG: Hong Kong intervened again to defend its currency peg as the greenback rallied after US-China trade talks yielded no progress.

The Hong Kong Monetary Authority (HKMA) bought HK$1.77bil (US$225mil) during New York trading hours on Thursday, according to the de facto central bank’s page on Bloomberg.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , hong kong

Next In Business News
Asia's factory activity slows on cost pressure from Iran war
Japan's Nikkei jumps 4% on Trump's talk of timeline to end Middle East war
Asia markets rally on optimism Iran war could end soon
Ringgit opens higher vs greenback as US signals Iran exit
FBM KLCI gaps up as optimism builds over war's end
Trading ideas: Southern Score, LC Titan, Keyfield, PetGas, Malakoff, Steel Hawk, Gopeng, Citaglobal, Infomina, Oppstar, BAT, NCT Alliance, BHIC, Mlabs, United Malacca, Poh Huat
Wall Street soars on potential war off-ramp
World Bank highlights three areas for Malaysia to strengthen long-term positioning amid West Asia conflict
Cheah’s last pitch
BAT Malaysia to optimise workforce

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.