Dow Jones Newswires: Hong Kong Monetary Authority sells U.S. dollars to defend currency peg

The Hong Kong Monetary Authority, the city’s de facto central bank, sold U.S. dollars during New York hours on Wednesday to defend the city’s longstanding currency peg to the greenback.

      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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