The HKMA intervened after the Hong Kong dollar hit the strong end of its convertibility undertaking. Photo: Bloomberg

Hong Kong Monetary Authority forced to act twice to defend currency peg as investors switch out of devalued yuan

HK dollar hits the high end of its range, triggering intervention by city’s quasi central bank

Topic |   Hong Kong Monetary Authority (HKMA)

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The HKMA intervened after the Hong Kong dollar hit the strong end of its convertibility undertaking. Photo: Bloomberg
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