HONG KONG/TOKYO -- The Hong Kong dollar's peg is once again facing trial by fire as the currency scrapes the bottom of the allowable limit amid mounting pressure from currency traders exploiting an interest rate gap and economic headwinds.
Currencies
Hong Kong dollar doldrums renew doubts over U.S. peg
Carry trades exploiting yield gap puts pressure on the currency
The Hong Kong dollar is hovering along the weak end of a band pegged to the greenback after a roughly three-month reprieve. © Reuters
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