OCBC Bank’s Frances Cheung shares her views on the Hong Kong dollar (HKD) after the city’s monetary authority intervened to defend the peg to the US dollar (USD). She tells Bloomberg Television that the amount of local currency the HKMA bought “was actually quite small” and that she suspects “further or additional FX intervention will be needed.” (Source: Bloomberg)
www.bloomberg.com
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Hong Kong May Need Further FX Intervention, OCBC Bank Says
