currency peg – Charm

When pegs fly: Trump-induced turbulence hits Hong Kong dollar, interest rates

Cs news2 months ago06 mins

By Rae Wee and Jiaxing Li SINGORE/HONG KONG, – U.S. President Donald Trump’s erratic policies are rattling a currency peg that has withstood the test of time and is seen as an anchor for China and Asia. The Hong Kong dollar has whipsawed from one end of its narrow trading band to the other versus…

Hong Kong’s Exchange Fund reports fifth-best annual return despite fourth-quarter loss

Cs news6 months ago02 mins

The Exchange Fund, Hong Kong’s financial war chest for defending the currency peg, reported a loss for the fourth quarter because of falling bond prices and a valuation loss on non-US dollar assets. For the full year, the fund reported its fifth-best annual return, as a diversified investment approach paid off. The investment return in…