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Hong Kong’s central bank steps in to support the Hong Kong dollar – Forexlive

Hong Kong Central Bank Intervention HKMA is selling HK$60.543 billion to the market as the Hong Kong dollar hits the strong end of its trading range. Since 1983, the Hong Kong dollar (HKD) has been pegged to the US dollar under a linked exchange rate system designed to maintain exchange rate stability and foster investor […]

US deports 130+ undocumented Central Asian migrants to Uzbekistan

The US said it deported more than 130 Central Asian migrants without documents to Uzbekistan, the Department of Homeland Security (DHS). in Wednesday Press ReleaseThe DHS said the Uzbek government had cooperated with the US in deporting more than 100 Uzbek, Kazakh and Kyrgyz migrants. The department also said the deportation of Uzbekistan migrants was […]

Central Command reports hundreds of Houthi fighters killed by US airstrikes

U.S. military has been blocking more than 800 targets since mid-March, with a campaign aimed at eliminating Houthi terrorists and restoring freedom of voyage in the Red Sea, according to an update from Central Command. Since the launch of “Operation Roughrider” on March 15, the US military has been running a “fierce and sustained campaign” […]

China’s central bank urges state banks to reduce US dollar purchases amid new tariffs

Senator Rand Paul, R-Ky. has unraveled President Donald Trump's dispute over tariffs on “Kudrow.” China's central banks do not allow a significant drop in the yuan, urging major state banks to reduce their purchases of US dollars. Orders from Chinese officials come when the yuan faces heavy downward pressure amid dramatic additional tariffs on Chinese […]