HKMA sells HK$7.75 bln to keep Hong Kong dollar within its trading band

April 21, 2015 9:41 AM

55 0

HONG KONG, April 21 (Reuters) - The Hong Kong Monetary Authority (HKMA) stepped into the currency market again and sold HK$7.75 billion ($1 billion) in Hong Kong dollars on Tuesday as the local currency hit the strong end of its trading range.

The city's de-facto central bank has intervened multiple times in the market in the past fortnight.

Read more

To category page