HONG KONG, Sept 15 (Reuters) - The Hong Kong Monetary
Authority sold HK$388 million ($50.1 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 to HK$206.696 billion ($26.7 billion) on
Sept. 16, an HKMA spokesman said early on Tuesday.
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 the currency to keep it within that
($1 = 7.7501 Hong Kong dollars)
(Reporting by Donny Kwok; Editing by Jacqueline Wong)