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Hong Kong braces for higher rates as currency losses accelerate

City's currency pegged to greenback, and the current wide HK dollar-US dollar gap is seen as not normal
Saturday, July 8, 2017 - 05:50

Hong Kong

HOW long can it last? That's what watchers of Hong Kong's markets are asking as the gap between local and US interbank rates widens to the most since 2009. The city's currency peg to the greenback effectively ties its monetary policy to that of the US, making the growing

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