Hong Kong Buys $2.07 Billion in Four Days to Defend Currency Peg

Hong Kong’s de facto central bank bought $2.07 billion this week to stop the local currency from strengthening beyond its 31-year-old peg to the greenback. Share listings, dividends and mergers and acquisitions are driving demand, the Hong Kong Monetary Authority said July 26. OAO MegaFon, Russia…

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Hong Kong Buys $2.07 Billion in Four Days to Defend Currency Peg

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