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CURRENCY JITTERS

HK central bank buys US$1.6b to defend dollar peg again

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Hong Kong's de facto central bank stepped in for a second day to prevent the city's currency from breaking out of the strong end of its pegged range against the US dollar.

Hong Kong

HONG Kong's de facto central bank stepped in for a second day to prevent the city's currency from breaking out of the strong end of its pegged range against the US dollar.

The Hong Kong Monetary Authority (HKMA) bought US$1.6 billion on Wednesday at HK$7.75 a dollar, the

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