HKMA steps in to defend the the local currency peg again - ConsultFX

HKMA steps in to defend the the local currency peg again

HKMA buys moar HKD as USD/HKD continues to hit the 7.85 ceiling ForexLive Reported intervention by the HKMA, buying HK$3.925 billion to support the Hong Kong dollar against the greenback. The aggregate balance of the central authority will fall to HK$86.976 billion as a result by 29 August - all things equal.