HKMA intervenes again as Hong Kong dollar weakens, buys HK$3.59bil

  • Forex
  • Monday, 16 Apr 2018

HONG KONG: The Hong Kong Monetary Authority (HKMA) stepped into currency markets again on Monday, buying HK$3.59bil (US$457.33mil) in Hong Kong dollars as the currency repeatedly hit the weak end of its allowable trading band.

The latest intervention will reduce the aggregate balance - the sum of balances on clearing accounts maintained by banks with the HKMA - to HK$166.51bil on April 18, according to Reuters data.

Forex , HK dollar