carry trades

New Business

Hong Kong fights carry trade pressure with US dollar sales to maintain currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market on Tuesday, for the sixth time since late…

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New Business

HKMA intervenes in the market for the fifth time in 2 weeks to defend currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign-exchange market on Friday for the fifth time in two weeks,…

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New Business

HKMA warns borrowers that Hibor could bounce back after hitting near 3-year low

Mortgage borrowers were able to save more after the one-month Hong Kong interbank offered rate (Hibor) fell below 1 per…

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New Business

Apple, Nvidia lead sell-off as stock markets plunge on US recession fears

US stock futures sunk as investors’ concerns deepened over a slowing US economy and an overheated rally in the tech…

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