Home HKMA intervenes by buying HKD 3.93 bn today to defend the peg

HKMA intervenes by buying HKD 3.93 bn today to defend the peg

Published date: 28 Aug. 2018 | 03:54

Earlier today, Reuters reports that the Hong Kong Monetary Authority (HKMA) intervene by purchasing HKD 2.8bn to defend the peg. The upper bound is at 7.85 for USD/HKD.

Last minutes, the Hong Kong central bank added HKD 3.93 bn to earlier buys, bringing the total to HKD 25.3 bn bought so far in August.

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