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October 21, 2012

Hong Kong Defends Its Currency Peg for First Time Since 2009

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Hong Kong's de facto central bank stepped in for the first time since 2009 to prevent the city's currency from rising against the U.S. dollar after it touched the upper limit of a range that triggers an intervention. The Hong Kong Monetary Authority said it bought $ 603 million at HK$ 7.75 per dol... FF News: Fundamental

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