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HKMA sells HK$ 8.37bln into market to keep currency within its band

Discussion in 'Fundamental Analysis' started by ForexLive, Oct 22, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Once again into the breach for the Hong Kong Monetary Authority 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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