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

Business | 5 Jun 2020 6:53 pm

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.

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