UPDATE 1-HKMA sells HK$11.586 bln into market to keep Hong Kong dollar within trading band

April 21, 2015 12:17 AM

54 0

HONG KONG, April 21 (Reuters) - The Hong Kong Monetary Authority (HKMA) stepped into the currency market for a second time on Monday, selling an aggregate HK$11.586 billion ($1.49 billion) in Hong Kong dollars in New York trading hours as the local currency hit the strong end of its trading range.

The city's de-facto central bank, which has intervened multiple times in the market in the past fortnight, had earlier on Monday sold HK$2.325 billion in Hong Kong dollars.

Read more

To category page

Loading...