Tag: Hong Kong Monetary Authority (HKMA)

• Thursday, October 25th 2012 - 19:12 UTC

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

  

  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).