HKMA buys additional USD 300 million in HKD to defend currency peg

Reuters reports that the Hong Kong Monetary Authority (HKMA) intervened again today to stem the Hong Kong dollar (HKD) fall.
HKMA buys additional USD 300 million in HKD to defend the currency peg.
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Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















