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Hong Kong and Singapore step into currency markets Hong Kong has begun buying its currency in a rare move that will increase interest rates and add to pressure on its property market, while Singapore has also tightened its monetary policy for the first time in six years. The Hong Kong Monetary Authority intervened on Thursday and Friday to prop up the ...
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Dollar climbs to break 4-session losing streak, but Syria worries stick The dollar advanced Thursday in New York, posting its first gain in five sessions as traders parsed the risk of a military attack in Syria against recent minutes that underscored the Federal Reserve's intention to slow too-hot economic growth. At least part of the advance for the U.S. currency was driven by ...
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