Hong Kong makes first currency intervention since 2020 to control US dollar peg

Hong Kong bought nearly $6 billion worth of US dollars this week to stop its own currency from climbing out of its legal trading range. The Hong Kong Monetary Authority (HKMA) stepped in after the city’s dollar hit the strong end of its peg, pushing toward 7. 75 per dollar, and this was the first time […] source: https://www.cryptopolitan.com/hong-kong-first-currency-intervention-2020/