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Hong Kong is forced to buy greenbacks for the 2nd time in a week as the HKD bumps against the...

  • Tuesday, October 23, 2012, 7:19 AM ET
    Hong Kong is forced to buy greenbacks for the 2nd time in a week as the HKD bumps against the top of its trading band vs. the U.S. currency. With what does it buy these greenbacks? Freshly minted Hong Kong dollars. The stock market gives a thumbs up, continuing a big 5 month rally, +0.7%.
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    HK Market was closed Tuesday, October 23rd. +0.7% was on Monday.
    23 Oct 2012, 09:21 AM Reply Like
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