Hong Kong Steps In to Defend Peg for First Time Since August
Hong Kong one-hundred dollar banknotes are arranged for a photograph. (Photographer: Justin Chin/Bloomberg)

Hong Kong Steps In to Defend Peg for First Time Since August

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(Bloomberg) -- Hong Kong’s de facto central bank bought the local dollar for the first time since August after the city’s exchange rate fell to the weak end of its trading band against the greenback.
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