Some investors hope the city will give up its peg to the U.S. dollar. They’re likely to keep hoping.

If a country pegs its currency to the U.S. dollar or USD, then its central bank or monetary authority will routinely intervene in the forex market to maintain a relatively stable or even fixed ...

MELBOURNE] Hong Kong’s de-facto central bank ramped up purchases of the city’s currency as it sought to defend a peg that has ...

Although China's currency is on a silver basis, yet there is no standard of silver common to all provinces. For instance, the silver of Niu-Chwang has a touch of 99.2, or, in other words, eight ...

Central bank to undo a fixed currency peg and let the peso freely fluctuate within a moving band between 1,000 pesos and 1,400 pesos per dollar Argentina dismantled key parts of its years-long ...

Investopedia / Sabrina Jiang. Currency Intervention . Short-term moves in a floating exchange rate currency reflect speculation, rumors, disasters, and everyday supply and demand for the currency ...

The gold standard fixed currency value to a set gold amount, limiting inflation by tying the money supply to gold reserves. The U.S. abandoned the gold standard in 1971 under Nixon, shifting to ...