Hong Kong Intervenes to Defend FX Peg as Local Currency Drops

Hong Kong’s de facto central bank bought the local dollar to prop it up on Thursday, in a move to defend the city’s currency peg to the greenback.

source https://www.livemint.com/market/stock-market-news/hong-kong-intervenes-to-defend-fx-peg-as-local-currency-drops-11750888297706.html