The Hong Kong Monetary Authority (HKMA) intervened twice in the foreign exchange market overnight as gaping interest-rate differentials encouraged carry trades and pressured the local currency to the weak side of its trading band. The authority sold a …

… putting pressure on the Hong Kong dollar as local rates tumbled versus … latest intervention prompted the Hong Kong dollar to rebound to 7.8458 … is that FX traders see USD/HKD moving back … will keep buying the Hong Kong dollar to ensure its exchange …

Most Asian currencies were under pressure on Wednesday, led by a decline in the Malaysian ringgit and Indonesian rupiah, as they tracked a softer dollar ahead of a closely watched U.S. payrolls report and prospects for trade deals ahead of a July 9 …

The latest intervention will turn trader focus to the city’s interbank rates, known as Hibor.Published Wed, Jul 2, 2025 · 08:51 AM [MELBOURNE] Hong Kong’s de-facto central bank ramped up purchases of the city’s currency as it sought to defend a peg that …

… again to defend its foreign-exchange peg. The Hong Kong dollar has had a wild …

… per cent share of global foreign exchange reserves. “The issue with issuing … it’s pegged to the Hong Kong dollar, which in turn is pegged …

… issue stablecoins backed by the Hong Kong dollar, after the island's … , in a bid to facilitate foreign exchange and cross-border payment. In … stablecoin was needed because the Hong Kong dollar is pegged to the U …

KARACHI – Currency market opened today with US Dollar, … DKK 44.37 44.77 Hong Kong Dollar HKD 35.76 36.15 Indian …

… year and launch its new HKD-backed stablecoin over the next … impact on financial stability and foreign exchange. Governor Rhee Chang-yong said … difficult for us to manage forex,” he stated. The governor’s …

… Authority (HKMA) intervened in the foreign exchange market for the second time … intervention was due to the Hong Kong dollar continuing to stay on the …