HONG KONG: Hong Kong’s de-facto central bank intervened once again to defend its currency peg as the local dollar touched the strong end of its trading band.
The Hong Kong Monetary Authority (HKMA) sold HK$2.79bil (US$360mil) of the city’s currency in the early hours yesterday, according to its page on Bloomberg, after sales of HK$1.55bil late on Tuesday. The aggregate balance, a measure of interbank liquidity, will increase to HK$63.4bil.
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