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HKMA sells another HK$2.9bln to maintain trading band 28 Oct

Discussion in 'Fundamental Analysis' started by ForexLive, Oct 28, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Here we go again as the Hong Kong Monetary Authority stick another finger in the dam The Hong Kong $ is pegged at 7.80 vs USD but can trade between 7.75-7.85. However under the rules of the peg the HKMA is obliged to step in when either extreme is traded to keep the band intact

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