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MARKET

Hong Kong dollar edges closer to weak side of US peg

MARKET
16-06-2025 16:54 HKT
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The local currency hit an intraday low of 7.8494 on Monday. Photo by REUTERS
The local currency hit an intraday low of 7.8494 on Monday. Photo by REUTERS
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From sixth left, Carmen Chu, Executive Director, Banking Supervision of the Hong Kong Monetary Authority, Howard Lee, Deputy Chief Executive of the HKMA, Marc Luet, Head of Japan, Asia North & Australia, and Banking at Citi, and Aveline San, chief executive and banking head of Citi Hong Kong. CITI
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Aveline San, CEO and Head of Banking for Citi Hong Kong (center in the front row), hosted the four winning teams at Citi’s office, together with Jaideep Kumbhare, Head of Technology at Citi Hong Kong, and Ken Lo, CEO of SEED Foundation, in celebration of the students' innovation and impact.
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This follows multiple HKMA interventions to support the Hong Kong dollar at the weak end of its trading band. Photo by REUTERS
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