11.   If Hong Kong keeps boosting rates to protect its currency, stocks will suffer because companies will have to pay more to borrow, hurting their earnings.

12.   In response to the Asia market turmoil, Brazil almost doubled interest rates, cut spending and raised taxes in an effort to protect its currency.

13.   Indonesia has been using higher-than-normal interest rates to protect the currency.

14.   Indonesian interest rates have surged in an unsuccessful attempt to protect the currency.

15.   Many Venezuelan investors are keeping a close eye on Brazil, where the government implemented an austerity program aimed at protecting the currency from a possible devaluation.

16.   Normally, a central bank would enter the market itself to protect its currency.

17.   Shortly thereafter, Peru started buying U.S. dollars to protect its currency, the new sol.

18.   Speculative selling of the franc in March and October forced the Bank of France to jack up short-term interest rates in an attempt to protect the currency.

19.   Stocks have been dragged down to their lowest point for the year amid concern interest rates will soar to protect the currency.

20.   That capital flight has forced developing countries to raise interest rates to protect their currencies, thus putting a further drag on economies already in recession.