HKMA sells HK$3.8b as currency hits higher end of band

Friday, June 05, 2020

The Hong Kong Monetary Authority sold HK$3.88 billion of Hong Kong dollar after the currency climbed to the strong end of its trading band of HK$7.75 per US dollar, for a second time today.

After the transaction, the banking system balance will expand to HK$99.643 billion next Monday, according to the HKMA.