HONG KONG, Aug 25 (Reuters) - The Hong Kong Monetary
Authority sold HK$643 million ($83 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
on Tuesday morning.
The aggregate balance - the key gauge of cash in the banking
system - will increase to HK$188.383 billion ($24.31 billion) on
August 26, said HKMA.
The Hong Kong dollar is pegged in a narrow range of
7.75-7.85 to the U.S. dollar. The HKMA last conducted sales
three weeks ago to keep it within this range.
($1 = 7.7500 Hong Kong dollars)
(Reporting by Donny Kwok; Editing by Kim Coghill)