HKMA plows HK$1.86b to defend dollar

Business | 18 Sep 2020 2:46 pm

The Hong Kong Monetary Authority entered the market to accept US dollar sell orders and injected HK$1.86 billion  into the banking system. Authorities sold HK$1.86 billion during New York trading hours, and the balance of the local banking system will increase to HK$215.97 billion next Monday, which is the highest for three years.

In the past four days, HK$9.61 billion flowe into the Hong Kong dollar system. It recorded over HK$140 billion net capital flows since April.



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