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HKMA Buys HKD Amounting to HKD14.829B; Bank System Balance to Drop to HKD86.429B
As the HKD remained meager, triggering the weak-side convertibility undertaking at 7.85 per USD, the Hong Kong Monetary Authority (HKMA) bought HKD equivalent to HKD14.829 billion ...
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HKMA Buys HKD Amounting to HKD14.829B; Bank System Balance to Drop to HKD86.429B
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As the HKD remained meager, triggering the weak-side convertibility undertaking at 7.85 per USD, the Hong Kong Monetary Authority (HKMA) bought HKD equivalent to HKD14.829 billion during the New York session, selling USD.

The total balance of the Hong Kong banking system will shed to HKD86.429 billion tomorrow.

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