- May 12, 2022
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
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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.