HONG KONG/SHANGHAI: Hong Kong's de facto central bank said on Thursday it sold 1.2 billion U.S. dollars against the Hong Kong dollar, which hit the weak end of its trading band.
The city's currency is pegged in a narrow range of 7.75-7.85 to the greenback, and the Hong Kong Monetary Authority (HKMA) intervenes at both ends to underpin the peg.
