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3232Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar
https://www.digit.info/hong-kong-protects-local-currency-in-forex-market-amid-capital-flight-to-us-dollar/
Thu, 29 Sep 2022 14:30:33 +0000https://www.digit.info/2022/09/29/hong-kong-protects-local-currency-in-forex-market-amid-capital-flight-to-us-dollar/Read more]]>Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kong’s central bank detailed that it interfered in forex markets […]
Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kong’s central bank detailed that it interfered in forex markets […]