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Markets

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

  • The HKMA made the first such sale in almost three weeks during New York trading hours on Wednesday.
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By Reuters
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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 is pegged to the greenback in a tight range of 7.75-7.85 per dollar.

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