The local currency traded at HK$7.8496 after the intervention. It was the sixth time that the HKMA intervened in the market to defend the currency peg since June 26, buying a tota ...

Credit trading veteran Boaz Weinstein said he’s betting against the Hong Kong dollar, joining hedge fund industry peer Bill Ackman in publicizing his short position on the pegged currency.

Hong Kong’s de facto central bank has intervened in currency markets to defend the city’s currency peg in a move that threatens one of the world’s most attractive carry trades.

When a currency peg collapses, the country that set its peg too high will suddenly find imports more expensive. That will cause inflation to rise, and the nation may have difficulty paying its debts.

Hong Kong’s currency peg is now 40 years old. That means aches, pains and some questions about an early retirement. The city started pegging its currency against the U.S. dollar on Oct. 17, 1983.

The city's currency is pegged in a narrow range of 7.75-7.85 to the greenback, and the Hong Kong Monetary Authority (HKMA) intervenes at both ends to underpin the peg.

Nigeria’s currency fell to a fresh all-time low against the dollar on Thursday, extending a huge selloff into a second day after the country’s central bank scrapped its currency peg and ...

With a pegged currency, authorities must hold sufficient dollar buffers to maintain faith in the exchange rate, while ensuring steady inflows to keep coffers topped up.

Malaysia says won't peg currency, focusing on policies to strengthen ringgit Credit: REUTERS/THOMAS WHITE June 20, 2023 — 01:16 am EDT ...

Case A starts by reviewing several attempts made by three consecutive Argentine governments between 1973 and 1989 to fight the three-digit inflation rates that had troubled the country since the end ...

* The regime adopted by China, first with its peg to the dollar, now with its peg to an undisclosed basket of currencies, that has resulted in a huge trade surplus with the United States.