HONG KONG (Reuters) - Hong Kong's de-facto central bank bought HK$2.975 billion ($378.99 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$126.198 billion on Aug. 10, an HKMA spokesperson said on Tuesday.
($1 = 7.8499 Hong Kong dollars)
(Reporting by Donny Kwok; Editing by Muralikumar Anantharaman)
Price
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Change
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5d. change
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Capi.
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|---|---|---|---|---|---|
| 5.725 HKD | -0.09% | +0.68% | - | ||
| 9.778 HKD | -0.10% | +0.42% | - | ||
| 8.371 HKD | -0.30% | +0.44% | - | ||
| 7.828 HKD | +0.01% | -0.04% | - | ||
| 0.0939 HKD | -0.15% | +0.11% | - | ||
| 5.112 AUD | +0.15% | +1.63% | - | ||
