More FX intervention in Hong Kong

Hong Kong Monetary Authority buying HK dollars with USD/HKD running along the top of its permitted band.  HKMA purchases of HKD now at $HK6.9bn. For some background to the HKMA and their permitted trading band for the HK dollar, plus a chart going back 20 years showing how the HKMA have managed – see this post from yesterday: The Hong Kong Monetary Authority acts as Hong Kong’s central bank.      

Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.
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