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Hong Kong Monetary Authority buys HK$3.26 billion to support local currency On that occasion the HKMA spent HK$227.15 billion to weaken the Hong Kong dollar in defending the peg, which was introduced in 1983 to maintain a rate of around HK$7.8 versus the greenback. The HKMA will intervene whenever the currency trades beyond the range of 7.75 to 7.85 – a trading band ... Hong Kong Monetary Authority Defends Currency's Dollar Peg for Second Time This Week - Wall Street Journal
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HKMA Intervenes to Buy Local Currency, First Time Since '05 With record foreign-exchange reserves, the HKMA is in a strong position to defend its city's currency, and there's no evidence that the trading band is under sustained speculative attack. The authority's deputy chief executive Howard Lee said Friday morning that the banking system has ample liquidity ...
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ECB Minutes Show Growing Concern About Trade and Currency Strength Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also ...
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AUSTRAC Tasked with Regulating Digital Currency Exchanges in Australia Digital currency exchanges with operations in Australia have been given a deadline of May 14 2018 to register with the Australian Transaction Reports and Analysis Centre (AUSTRAC). The government's financial intelligence agency has been given the responsibility of regulating those exchanges using ...
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The currency crisis finds its way into the new PM's in tray The lack of hard currency that has long bedevilled Ethiopia continues to worsen, and it is being compounded by inflation. The index of consumer prices published by the Central Statistics Agency reveals a year-on-year inflation rate of 15.2% as of March 2018. This has resulted in recent weeks in the ...
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