Hong Kong’s Leader Says to Maintain US Dollar Peg, Despite Geopolitical Tensions

Hong Kong’s leader says to maintain US dollar peg, despite geopolitical tensions

(Reuters) -Hong Kong will maintain its currency peg to the U.S. dollar, the financial hub’s leader said in an interview published on Monday, despite escalating geopolitical tensions and some calls to shift to a Chinese yuan peg. The Hong Kong dollar has experienced sharp volatility over the past two months, strengthening to hit the strong end of the trading band and prompting the city’s de-facto central bank to forcefully step up intervention, b…

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