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Hong Kong Dollar news

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Russia, sanctions and the Hong Kong dollar peg
The currency peg makes the Hong Kong dollar a neat proxy for the US dollar, one reason Hong Kong has seen about $100bn of inflows since the onset of quantitative easing from the Fed.
Hong Kong's finances  The Economist
Hong Kong Peg to Stay as Inflows Ebb, ANZ Says: Chart of the Day  Bloomberg
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Investors Buying Hong Kong Dollars on China Bets, HKMA Says
Hong Kong is luring an inflow of funds as investors grow more optimistic about China’s economy and buy mainland-related shares, the city's central bank said.
Honk Kong May Be Signaling Next Step Down in the US Dollar Decline  Moneynews
Beijing Capital Land Ltd  Reuters
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Russian companies opt for Hong Kong dollar as new reserve currency
MOSCOW, August 4. /ITAR-TASS/. As the U.S. and EU introduce new sanctions, Russian companies are shifting cash to Hong Kong dollars and depositing them with Chinese banks. Potential risks linked to Western sanctions prompted Russian mobile ...
Strong Hong Kong Dollar Signals A-Share Rally: Chart of the Day  Bloomberg
Overseas loans exposes China to US rate hikes  MarketWatch
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MegaFon Shifts Cash to Hong Kong Dollars on Sanction Risk
OAO MegaFon (MFON), billionaire Alisher Usmanov's wireless operator, said it has been shifting cash holdings into Hong Kong dollars, a move people say metals producer OAO GMK Norilsk Nickel (GMKN) is also undertaking, as the U.S. and Europe ratchet ...
Hong Kong cash haven for Russian telecom over sanctions  RT
Russian groups convert cash reserves  Financial Times
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Hong Kong Dollar (HKD) to British Pound (GBP) Exchange Rate Holds Firm on ...
The Hong Kong Dollar (HKD) made gains against the British Pound (GBP) on Thursday after the UK currency was weakened by disappointing Retail Sales data and the Hong Kong currency was buoyed by positive Consumer Price Inflation data.
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Where is Hong Kong's perfect storm?
But what stands out is that the present problem is the exact opposite: Too much money has been piling into Hong Kong, which has been putting the Hong Kong dollar's USDHKD, -0.01% peg to the U.S. currency under strain as it tries to break upwards.
Prosperity Real Estate Investment Trust  Reuters
China loans grow along with vigilance at Hong Kong banks  South China Morning Post (subscription)
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Why property is Hong Kong's national sport
1983 was also the year the Hong Kong dollar came under tremendous speculative attack and the administration opted to peg it to the U.S.
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Hong Kong Ramps Up Intervention to Curb Local Currency
Hong Kong's de facto central bank injected $65.1 billion Hong Kong dollars (US$8.4 billion) into the foreign-exchange market in July to defend the local currency peg to the U.S.
Hong Kong Buys $2.07 Billion in Week to Defend Currency Peg  Businessweek
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Russia Swaps London Banks for Hong Kong
Hong Kong's currency peg to the U.S. dollar ensures that Hong Kong dollar investments are stable in U.S. dollar terms. Russian companies hemmed in by sanctions could seek to convert U.S.
The Rise of the Hong Kong Dollar
Basically this means that when the American dollar rises or falls, so does their currency and when the Hong Kong dollar rises in value, they buy American money to bring their currency back down to a similar level.