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Hong Kong's central bank sells HK$1.55 billion as HKD strengthens to trading limit

07/30/2020 | 03:57am EDT
An attendant walks outside the entrance to Hong Kong Monetary Authority in Hong Kong

The Hong Kong Monetary Authority (HKMA) sold HK$1.55 billion ($200.00 million) into the market on Thursday as the local currency strengthened to its trading limit, data released by the central bank showed.

The HKMA made the first such sale in almost three weeks during New York trading hours on Wednesday. The Hong Kong dollar <HKD=D3> is pegged to the greenback in a tight range of 7.75-7.85 per dollar.

(Reporting by Twinnie Siu and Noah Sin; Editing by Jon Boyle)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN DOLLAR / HONGKONG-DOLLAR (CAD/HKD) -0.01% 6.2857 Delayed Quote.3.20%
EURO / HONGKONG-DOLLAR (EUR/HKD) 0.06% 9.0219 Delayed Quote.-4.79%
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