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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
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