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Singapore Central Bank Moves to Allow Currency to Strengthen The Monetary Authority of Singapore, which uses the exchange rate as its main policy tool, increased the slope of the currency band slightly from zero percent, it said in a statement on its website. That was in line with the forecasts from the majority of economists in a Bloomberg survey and signaled the ...
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Hong Kong intervenes to support currency for second time Hong Kong has intervened for a second time in less than two days to support its currency after it breached the weak end of its permitted trading band. ... The Hong Kong dollar is one of the few currencies to trade within a band pegged to the US currency, ranging between HK$7.75-HK$7.85 against the ...
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UPDATE 3-HKMA steps in as Hong Kong dollar hits weak end of trading band HONG KONG, April 13 (Reuters) - Hong Kong's de facto central bank stepped into the currency market again in U.S. trading hours, buying HK$2.442 billion ($311 million) in Hong Kong dollars from the foreign exchange market as the local currency hit the weaker end of its trading range. On Thursday ...
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