Hong Kong Intervenes To Defend USDollar-Peg As Yuan Crashes

Zero Hedge | 8/15/2018 | Staff
LordLord (Posted by) Level 4
Click For Photo: https://www.zerohedge.com/sites/default/files/2018-08/2018-08-15_8-51-44.jpg

Back in March, the head of the Hong Kong Monetary AuthorityNorman Chan urged citizens to "stay calm on the currency weakening," as the Hong Kong Dollar plunged to its weakest in 33 years.

The Hong Kong Dollar has been in free-fall for the last year (interrupted briefly in the middle of last year) but as its drop accelerated early in the year, HKMA wrote the blog...
(Excerpt) Read more at: Zero Hedge
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