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Hong Kong 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. But the intervention is still significant because the HKMA's purchases have the potential to boost borrowing costs by ...
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New York's financial sheriff weighs in on virtual currency The state's top financial regulator warned that virtual currencies are "far from stable" during the Conference of State Banking Supervisors on Tuesday in New York City. NYS Department of Financial Services Superintendent Maria T. Vullo. NYS Department of Financial Services Superintendent Maria T.
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WEEKAHEAD-AFRICA-FX-Zambian and Tanzanian currencies seen on back foot, Kenya's firm At 1000 GMT on Thursday commercial banks quoted the currency of Africa's second-largest copper producer at 9.4800 against the dollar, down from 9.3800 a week ago. "The kwacha will continue with its weakening trend due to gloomy sentiment surrounding Zambia," the local branch of South Africa's ...
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