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

April 21, 2015 9:41 AM

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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.

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