FX currency intervention watch - more

Author: Eamonn Sheridan | Category: News

The Hong Kong Monetary Authority (HKMA) bought Hong Kong dollars again,  during New York trading hours Wednesday

  • Bought HK 5bn-odd
  • The HKdollar had weakened to its lowest permitted in the band (7.85)
  • The HKMA says they will intervene if that happens, so they did
HKMA intervened on Tuesday, prior to that in May 


The Hong Kong Monetary Authority act as the central bank in HK



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