The U.S. 10-year Treasury yield is flirting with 5%, while it’s only a matter of time before China goes to sub-1%. Because of the dollar peg, Hong Kong can no longer be Asia’s go-to ...
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HONG KONG/SHANGHAI (Reuters) - Hong Kong has no intention and sees no need to change the system that pegs the city's currency in a tight band to the U.S. dollar and has the ability to defend it, the ...
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