Thu, Sep 1, 2016
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Currencies more

Hong Kong intervenes to weaken currency

Posted on 07 December 2012

The Hong Kong Monetary Authority was forced to step into the currency markets again on Wednesday as the Hong Kong dollar hit the limit of its trading band against its US counterpart.
The city’s de facto central bank has now intervened to the tune of US$2.6bn in the past week to weaken its currency, as money from around the world continues to pour in to Asia………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 47504 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
September 2016
S M T W T F S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930