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Hong Kong Intervenes to Defend FX Peg for Third Time in a Week

Admin July 3, 2025
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Hong Kong’s de-facto central bank bought the city’s dollar again to defend its foreign-exchange peg, as two previous rounds of intervention failed to send funding costs high enough to dampen bearish currency bets.

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  • Subprime lender PrimaLend Capital Partners files for bankruptcy protection
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