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Fear, tears and laughter in Hong Kong Monetary Authority's 1997 currency war against hedge funds Many Hong Kong bankers, stockbrokers and currency traders still recall vividly that fateful day in October 1997 when the Hong Kong Monetary Authority (HKMA) had to squeeze the city's interbank interest rate to a record to drive out currency speculators led by hedge fund manager George Soros from ...
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Digital currency trading tumbles by half Average daily traded volumes across cryptocurrency exchanges fell to $9.1 billion in March and to $7.4bn in the first half of April, compared to almost $17bn in December, according to data compiled by crypto analysis website CryptoCompare. Rocketing prices of digital currencies such as bitcoin fueled a ...
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