HONG KONG -- Hong Kong authorities are fighting an increasingly uphill battle to defend the currency peg to the U.S. dollar, intervening 49 times over a 12-month period to keep the Hong Kong dollar within the official trading band.
Currencies
Hong Kong staunchly defends dollar peg even as property market falters
Authority steps in 49 times against short sellers in system out of sync with economy
Hong Kong's financial authorities have gone into overdrive to prop up the value of the Hong Kong dollar. © Reuters
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