HONG KONG: The Hong Kong Monetary Authority (HKMA) sold HK$1.821 billion ($234.84 million) worth of Hong Kong dollars in New York trading hours after the currency hit the strong side of its trading band.
The aggregate balance - the key gauge of cash level in the banking system - will increase to HK$66.795 billion on April 24, 2020, a HKMA spokesman said.
The Hong Kong dollar is pegged to the greenback at 7.75 to 7.85 per U.S. dollar.
HKMA sold a total HK$4.34 billion ($560 million) worth of Hong Kong dollars on Tuesday and in New York trading hours after the currency hit the strong side of its trading band. -Reuters
source https://www.thesundaily.my/business/hong-kong-s-central-bank-sells-hk-182-bln-after-hkd-rises-to-trading-limit-DA2323173
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