HKMA sells HK$1.16bil as currency hits strong end of trading band


HONG KONG: The Hong Kong Monetary Authority sold HK$1.163 billion ($150.06 million) into the market in Hong Kong trading hours after the local currency hit the strong end of its trading band, according to data released by the HKMA.

The aggregate balance - the key gauge of cash in the banking system - will increase to HK$267.593 billion on Oct. 8, HKMA said.

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