I posted yesterday with a reminder on the likelihood of further FX intervention, poste here:
Confirmed … the Hong Kong Monetary Authority were back in the forex markets buying HK dollars against the USD
- 604mln HKD intervention reported
- at the weak end of the HKD trading band (band is 7.75 to 7.85 for USD/HKD)
Note … the HKMA are not a bunch of flakes like the SNB actually I won't mention names.
Yesterday I posted a daily chart (bid pic!) …. here's the hourly:
