Hong Kong authorities intervened for the fourth time in two weeks to prevent the city’s currency from weakening beyond its official trading band, after previous efforts failed to drain enough ...

Hong Kong authorities intervened for the fifth time in about three weeks to prevent the city’s currency from weakening beyond ...

HONG KONG/SHANGHAI (Reuters) -Hong Kong's de facto central bank said on Thursday it bought US$1.2 billion worth of Hong Kong dollars after the local currency hit the weak end of its trading band.

HKMA intervenes to drive away carry traders who have sought to take advantage of city’s rate gap with the US dollar.

HONG KONG/SHANGHAI (Reuters) -Hong Kong’s de facto central bank said on Thursday it bought US$1.2 billion worth of Hong Kong dollars after the local currency hit the weak end of its trading band.

DSK had been a vocal proponent of using the IMF’s de-facto currency, the Special Drawing Right, as a way to diversify countries’ reserve pools away from the U.S. dollar.