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Hong Kong Monetary Authority holds fire as currency slumps to red line for the first time The city's currency breached the critical level in the early hours of Thursday morning and several times again in the late afternoon before pulling back. It stood at 7.8499 at 5:30pm. Hong Kong's de facto central bank, the Hong Kong Monetary Authority (HKMA), said it will not necessarily step in to prop up ...
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What can the Commonwealth Games teach us about the currency market? Even in an established field, the ups and downs of currency values can be as hard to predict as the medal winners Australia is currently heading up the medal table at the Commonwealth Games; they may have the home advantage but the dominance of the Aussie team in the pool is the real reason ...
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EUR/JPY and Currency Markets: Levels, Ranges, Targets CAD/JPY's target from the March 14 posted trade from 80.58 was 84.71 and 85.27. CAD/JPY dead stopped at 85.24 for a 469 pip move. USD/CAD dropped 596 pips overall from 1.3140's. The overall question to currency markets is what's next and where are we going. Currency markets presently lack ...
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Central bank cautious to digital currency: governor (ECNS) -- Yi Gang, governor of China's central bank, said China has been cautious in regard to digital currency due to some concerns. At the Boao Forum for Asia in southern China's Hainan Province, Yi said virtual currency contributes just a little to the real economy and stokes speculation and illegal ...
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