HKMA sells HK$6.2 bln in Hong Kong dollars to defend its currency peg

April 10, 2015 8:43 AM

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HONG KONG, April 10 (Reuters) - The Hong Kong Monetary Authority (HKMA) stepped into the currency market again and sold HK$6.2 billion ($800 million) in Hong Kong dollars on Friday as the local currency hit the strong end of its trading range.

It was the second time the city's de-facto central bank intervened the market since August. The HKMA sold HK$3.1 billion on Thursday.

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