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HKD Strength Prompts HKMA to Inject HKD60.543B in New York Session Again
Recommend 4 Positive 7 Negative 4 |
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The HKD exchange rate triggered the Strong-side Convertibility Undertaking at 7.75 to USD1, prompting the HKMA to intervene again in the New York session, absorbing USD sell orders and injecting HKD60.543 billion (approximately USD7.812 billion) into the market. Combined with the HKD56.072 billion injected on Friday (2nd) and Monday (5th), the injection totaled HKD116.614 billion. By Wednesday (7th), the aggregate balance of Hong Kong’s banking system will increase to HKD161.384 billion. AAStocks Financial News |
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