HONG KONG, Oct 24 (Reuters) - The Hong Kong Monetary
Authority sold HK$2.263 billion ($292 million) into the market
in New York trading hours after the local currency hit the
strong end of its trading band, according to data released by
the HKMA.
The aggregate balance - the key gauge of cash in the banking
system - will increase by HK$26.908 billion, including HK$24.645
billion sold in Hong Kong trading hours, to HK$414.73 billion on
Oct. 28, an HKMA spokeswoman said early on Saturday.
The Hong Kong dollar is pegged in a narrow range of
7.75-7.85 to the U.S. dollar.
The HKMA has been conducting sales in recent sessions to
weaken its currency to keep it within that trading band.
($1 = 7.7500 Hong Kong dollars)
(Reporting by Donny Kwok; Editing by xxx)