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| Hong Kong Steps Up Currency Peg Defense as Pressure Rises The Hong Kong Monetary Authority on Tuesday bought HK$14.7 billion ($1.9 billion) of local currency, the biggest single-day purchase since it started to defend the dollar peg last week. That took total intervention to HK$33.7 billion. OCBC Wing Hang expects HKMA interventions to remain frequent in ...
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| Mnuchin: Trump Tweet about Russia, China Currency Devaluation Was 'Warning Shot' "It's a warning shot to make sure China doesn't devalue the currency as they have in the past." In the interview, Mnuchin was asked to clarify Trump's message, because it contradicted a report issued on Friday by the Treasury Department, which said China's currency recently moved in a way that would ...
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| Currency & Measurement Currency values fluctuate from country to country. The Euro, denoted by the € symbol (or EUR), has simplified traveling among many European countries. Before the Euro, exchanging money was time-consuming and costly. Fortunately, all coins and banknotes in the euro system can be used throughout ...
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