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Hong Kong central bank bought HKD to defend the peg, first time since November 2022

Hong Kong central bank bought HKD to defend the peg, first time since November 2022

The Hong Kong Monetary Authority is Hong Kong's central bank.

It set a range for the Hong Kong dollar to trade in. The HKD has hit the bottom end of its range, which is the top end of the USD/HKD band as seen in the chart below:

The HKMA have bought 4.2 bn HKD to support it.

This article was written by Eamonn Sheridan at www.forexlive.com... Read More
Posted: Feb 13 2023, 22:23
Author Name: forexlive
Views: 110889

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