Hong Kong dollar falls to 10-month low against US dollar, testing its famous peg
The HKD's decline highlights potential liquidity challenges and underscores the importance of stablecoin regulation in maintaining financial stability
Market Pulse
Gold steadies near $4,000 as US inflation data eases rate-hike bets
Gold's stabilization near $4,000 reflects market sensitivity to inflation data, impacting investment strategies amid fluctuating rate expectations
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The same day, Wood noted that inflation is on its way down, pointing to rising productivity as a key disinflationary force
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