The Hong Kong Monetary Authority (HKMA) sold HK$977 million ($126.06 million) worth of Hong Kong dollars in New York trading hours after the local currency hit the strong end of its trading band.
The aggregate balance - the key gauge of cash in the banking system - will increase to HK$95.768 billion on June 8, an HKMA spokesman said. The Hong Kong dollar
($1 = 7.7501 Hong Kong dollars)
(Reporting by Twinnie Siu and Donny Kwok; Editing by Muralikumar Anantharaman)