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HKD Triggers Weak-side Convertibility Undertaking; HKMA Steps in to Buy HKD8.439B
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The HKD has triggered the weak-side Convertibility Undertaking at 7.85 per USD, prompting the Hong Kong Monetary Authority (HKMA) to sell USD1.075 billion (buying HKD8.439 billion) during Hong Kong trading hours.

The Aggregate Balance will drop to HKD64.062 billion on August 8.

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