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Hong Kong's central bank has once again intervened in the forex market

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
Views: 082257

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