HKMA sells HK$9.6b into market on stronger currency

Business | 1 Sep 2020 6:46 pm

The Hong Kong Monetary Authority sold HK$9.688 billion after the local currency strengthed to the upper limit of its peg with the US dollar, the biggest single selling since July 9.

The balance of the Hong Kong banking system increase to HK$203.879 billion on September 3, said the HKMA.



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