Hong Kong intervenes to weaken its currency, threatened by capital inflow surge

Thursday, October 25th 2012 - 19:12 UTC

Full article 3 comments

Hong Kong's central bank has intervened in financial markets again, weakening the value of its currency after it jumped in value. This follows similar moves on Sunday and pushes the total cost of intervention in the past week to 14.3bn Hong Kong dollars (1.85bn dollars). Read full article

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Think
Communists!
Interventionists!
What about the “Free Market”?
:-)))
Oct 25th, 2012 - 07:22 pm - Link - Report abuse 0
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Uruguayan_And_Proud
keep your currency low, in relations with the dollar, and your products will be cheaper. That is the case with china. China has Billions(probaly) of dollars or their currency in America, and they keep it there so their currency stays low, thus their products are cheap. Chinas economy is very powerful, and if they wanted i could be the top currency, but that would make their products very expensive, thus they wouldnt sell alot and their exports fall. It is great Short-Mid-and even long term policy. But it will probally fail if they dont take the necesary precautions.
Oct 26th, 2012 - 01:47 pm - Link - Report abuse 0
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British_Kirchnerist
#1 All the Asian Tigers have been more interventionist than the propaganda would have you believe, even the Cold War ROK and ROC...
Nov 01st, 2012 - 01:52 pm - Link - Report abuse 0
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