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Hong Kong's central bank has once again intervened in the forex market
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.
The HKMA has intervened to buy HKD circa 14.9bn.
I posted this chart yesterday when the HKMA also intervened. its still relevant:
This article was written by Eamonn Sheridan at www.forexlive.com... Read More Posted: Feb 14 2023, 22:18
Author Name: forexlive
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