Hong Kong’s de-facto central bank spent more than a billion dollars propping up the city’s currency, as it sought to defend a peg that has been strained by volatility in the greenback.

HONG KONG (Reuters) -Hong Kong's de-facto central bank stepped into the foreign exchange market on Tuesday as the currency hit the top end of its band for a fourth time this month, spurred by a ...

A fresh debate about the sustainability of Hong Kong’s decades-long currency peg has analysts ruminating on what might eventually replace it. It’s an issue that’s gaining traction after intervention ...

The Hong Kong currency peg, in its present form, has existed since 1983. However, some Hong Kong observers have begun to question whether the HK dollar’s link to the US dollar is relevant and in the ...

The Hong Kong Monetary Authority has sold over a 100 billion in Hong Kong dollars in the foreign-exchange market this month, as the Hong Kong currency’s strength threatens its peg to the U.S. dollar.

There is no greater turmoil in the “Seely household” than when it comes to converting funds and trying to determine the movement of a foreign currency exchange rate. Research is done, historical ...