HONG KONG (Reuters) - Hong Kong's de facto central bank bought HK$2.355 billion ($300.00 million) from the market on Monday 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 - the key gauge of cash in the banking system - will decrease to HK$120.894 billion on Oct. 6, an HKMA spokeswoman said.
($1 = 7.8499 Hong Kong dollars)
(Reporting by Twinnie Siu and Donny Kwok; Editing by Louise Heavens)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 5.712 HKD | -0.38% | +0.81% | - | ||
| 9.752 HKD | -0.02% | +0.20% | - | ||
| 8.376 HKD | -0.10% | +0.71% | - | ||
| 7.832 HKD | -0.02% | +0.00% | - | ||
| 0.094 HKD | -0.09% | +0.43% | - | ||
| 5.087 AUD | +0.10% | +1.31% | - | ||
