News Formal

HKMA buys HK$5.9 billion from market as currency hits weak end of trading band

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

HONG KONG : Hong Kong's de-facto central bank bought HK$5.888 billion ($750 million) from the market 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. The aggregate balance - t

HONG KONG : Hong Kong's de-facto central bank bought HK$5.888 billion from the market 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$319.999 billion on May 18, an HKMA spokesman said on Monday.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker