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HKD Triggers Weak-side Convertibility Undertaking Again; HKMA Buys $13.282B in New York Time
The HKD once again triggered the weak-side Convertibility Undertaking (CU) of 7.85 against the USD. The Hong Kong Monetary Authority (HKMA) announced that it bought HKD13.282 billi...
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HKD Triggers Weak-side Convertibility Undertaking Again; HKMA Buys $13.282B in New York Time
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The HKD once again triggered the weak-side Convertibility Undertaking (CU) of 7.85 against the USD. The Hong Kong Monetary Authority (HKMA) announced that it bought HKD13.282 billion and sold the USD in the early hours of 11 July.

The total balance of the Hong Kong banking system will decrease to HKD101.215 billion next Monday (14th).

Related NewsOutstanding Loan Growth YoY for June in China is 7.1%, unchanged from its last period. The forecast was 7%.

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