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Hong Kong's central bank has intervened in the currency again
The Hong Kong Monetary Authority (HKMA) has bought around 6.9bn Hong Kong dollars to support the currency. The Hong Kong dollar trades in a "band" set by the HKMAthe current trading band is set at 7.75 to 7.85 Hong Kong dollars per US dollar If the exchange rate of the Hong Kong dollar moves outside the band, the HKMA will intervene by buying or selling Hong Kong dollars in the foreign exchange market to bring the exchange rate back within the trading band This article was writ...
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Posted: Apr 18 2023, 21:27
Author Name: forexlive
Views: 110853