HONG KONG, Oct 14 (Reuters) - The Hong Kong Monetary
Authority sold HK$4.6 billion ($593.55 million) into the market
in New York trading hours on Tuesday 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$10.9 billion including HK$6.3
billion sold in Hong Kong trading hours, to HK$304.6 billion on
Oct. 15, an HKMA spokesman 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 the currency to keep it within that
($1 = 7.7500 Hong Kong dollars)
(Reporting by Alun John; Editing by Sam Holmes)