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<Capital>Spot USD T/T Rate at 7.7506 after HKMA Interventions
The HKD hovered around the strong-side convertibility undertaking level this morning (6th), with the spot USD T/T rate at 7.7506.The Hong Kong Monetary Authority (HKMA) intervened ...
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<Capital>Spot USD T/T Rate at 7.7506 after HKMA Interventions
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The HKD hovered around the strong-side convertibility undertaking level this morning (6th), with the spot USD T/T rate at 7.7506.

The Hong Kong Monetary Authority (HKMA) intervened again in the New York session, absorbing USD sell orders and injecting HKD60.543 billion (approximately USD7.812 billion) into the market.

Related NewsInitial Jobless Claims for Apr/26 in United States is 241K, higher than the previous value of 223K. The forecast was 224K.
Combined with injections of HKD56.072 billion last Friday (2nd) and Monday (5th), the HKMA injected a total of HKD116.614 billion.

By Wednesday (7th), the aggregate balance in Hong Kong’s banking system is expected to hike to HKD161.384 billion.

AAStocks Financial News
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