The Hong Kong dollar is pegged at 7.8 to the U.S. dollar, but can trade between 7.75 and 7.85. Under the currency peg, which has been in place since 1983, the HKMA is obliged to intervene when the Hong Kong dollar hits 7.75 or 7.85 to maintain the band.
South China Morning Post (subscription) - Sep 25, 2014
Housing costs are becoming a serious impediment to Hong Kong's growth and youth opportunities. Beijing's currency manipulation of the renminbi is spilling over into Hong Kong by way of local market pressure on the Hong Kong dollar. Something must give.
Oct. 6 (Bloomberg) -- Hong Kong's dollar strengthened, driving the biggest two-day gain since March, and the yuan rose in offshore trading amid signs of an easing in protests that have disrupted business and transport links in the city.
Good all year long? An accidental cash windfall tested Hong Kongers' niceness on Christmas Eve. Christmas came early for some Hong Kongers on Wednesday afternoon, when a security van spilled 35 million Hong Kong dollars, or more than $4.5 million, ...
Both Australian brokers, AxiTrader and Pepperstone, are abandoning Hong Kong dollar and Danish krone crosses, citing lack of market makers for the pairs in the aftermath of the Swiss National Bank's decision last week.