HKMA buys HK$12.8 billion from market as currency hits weak end of trading band

📆 18-06-22 10:09:00
📰 ChannelNewsAsia

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 66%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

HONG KONG : Hong Kong's de-facto central bank bought HK$12.819 billion ($1.63 billion) from the market in New York trading hours to stop the local currency weakening and breaking its peg to the U.S. dollar.The Hong Kong dollar is pegged to a tight band of between 7.75 and 7.85 versus the U.S. dollar.

HONG KONG : Hong Kong's de-facto central bank bought HK$12.

819 billion from the market in New York trading hours to stop the local currency weakening and breaking its peg to the U.S. dollar.The aggregate balance - the key gauge of cash in the banking system - will decrease to HK$267.922 billion on Tuesday, an HKMA spokesman said on Saturday.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités