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As HKD Triggers Weak-side Convertibility Undertaking Again, HKMA Buys HKD in HKD29.6B+ Twice
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As the HKD has once again triggered the weak-side convertibility undertaking of 7.85 against the USD, the Hong Kong Monetary Authority (HKMA) announced that it bought the HKD in a total of HKD29.634 billion twice in the early hours of July 4, selling the USD. The total balance of the Hong Kong banking system will decrease to HKD114.541 billion next Monday (7th). AASTOCKS Financial News Website: www.aastocks.com |
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