HONG KONG (Reuters) - Hong Kong's de-facto central bank bought HK$1.939 billion ($247.01 million) from the market in New York trading hours to stop the local currency from 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 - the key gauge of cash in the banking system - will decrease to HK$123.336 billion on Sept. 29, an HKMA spokeswoman said on Wednesday.
($1 = 7.8498 Hong Kong dollars)
(Reporting by Donny Kwok; Editing by Muralikumar Anantharaman)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 5.736 HKD | +0.09% | +0.86% | - | ||
| 9.796 HKD | +0.08% | +0.61% | - | ||
| 8.394 HKD | -0.02% | +0.74% | - | ||
| 7.829 HKD | +0.01% | -0.04% | - | ||
| 0.0939 HKD | -0.09% | +0.11% | - | ||
| 5.124 AUD | +0.39% | +1.85% | - | ||
