HONG KONG, Sept 23 (Reuters) - The Hong Kong Monetary
Authority (HKMA) sold HK$961 million ($124 million) in New York
trading hours after its 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$242.49 billion on Sept. 24, an HKMA
spokesman said early on Wednesday.
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 = 7.7496 Hong Kong dollars)
(Reporting by Donny Kwok; Editing by Tom Hogue)