BUSINESS & INNOVATION

HKMA warns of follow-up intervention to maintain US dollar peg

26-06-2025 16:25 HKT

The local currency touched the weak-side of its trading band at 7.85 per US dollar during New York hours on Wednesday, prompting the HKMA to intervene at the request of banks. Photo by REUTERS

The local currency touched the weak-side of its trading band at 7.85 per US dollar during New York hours on Wednesday, prompting the HKMA to intervene at the request of banks. Photo by REUTERS

weak side strong-side convertibility trigger HKMA Hong Kong Monetary Authority Eddie Yue interbank rates interest US dollar peg carry trade trading band

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