| After weeks of capital inflows from abroad that have pushed up the value of the Hong Kong dollar to the top of its trading band, the city's de facto central bank was forced to intervene Friday and weaken the local currency for the first time in nearly three years.
The U.S. Federal Reserve's latest round of stimulus measures and the European Central Bank's recent pledge to buy sovereign bonds has restored global investor confidence and led money managers to buy a wide range of assets around the world, including in Hong Kong...............................................Full Article: Source
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