HKMA expected to buy more HK dollar to defence peg with US dollar, said chief executive

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The Hong Kong Monetary Authority (HKMA), the de facto central bank of the city, is expected to buy more Hong Kong dollars to defend the currency's peg with the US dollar and the pace may also accelerate given the widening interest rate spreads between the city and the US, HKMA chief executive Eddie Yue Wai-man said . . .

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