NewsWhore
08-25-2011, 06:40 PM
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Fed's Pledge Inflates Hong Kong Misery With Currency Peg: Chart of the Day (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGsFGIC7wxnv25-0Og5o02eyJV41g&url=http://www.bloomberg.com/news/2011-08-25/fed-s-pledge-inflates-hong-kong-misery-with-currency-peg-chart-of-the-day.html)
Bloomberg
An exchange-rate peg means Hong Kong's interest rates track those of the Fed and the city's currency falls with the dollar, boosting import costs. “Inflation in the city will continue to accelerate because of the Fed's pledge to keep rates low,” said ...
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[url=http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGsFGIC7wxnv25-0Og5o02eyJV41g&url=http://www.bloomberg.com/news/2011-08-25/fed-s-pledge-inflates-hong-kong-misery-with-currency-peg-chart-of-the-day.html]More... (http://news.google.com/news/more?ned=us&ncl=dBKdWWH5Bmp62oM)
Fed's Pledge Inflates Hong Kong Misery With Currency Peg: Chart of the Day (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGsFGIC7wxnv25-0Og5o02eyJV41g&url=http://www.bloomberg.com/news/2011-08-25/fed-s-pledge-inflates-hong-kong-misery-with-currency-peg-chart-of-the-day.html)
Bloomberg
An exchange-rate peg means Hong Kong's interest rates track those of the Fed and the city's currency falls with the dollar, boosting import costs. “Inflation in the city will continue to accelerate because of the Fed's pledge to keep rates low,” said ...
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[url=http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGsFGIC7wxnv25-0Og5o02eyJV41g&url=http://www.bloomberg.com/news/2011-08-25/fed-s-pledge-inflates-hong-kong-misery-with-currency-peg-chart-of-the-day.html]More... (http://news.google.com/news/more?ned=us&ncl=dBKdWWH5Bmp62oM)