Hong Kong's De Facto Central Bank Intervenes to Defend Currency Peg

HKMA defends Hong Kong dollar again as higher US rates threaten band

Market interventions to soak up HK$29.6 billion from the banking system on July 7, increasing the pressure on local borrowing costs.

Hong Kong's de facto central bank intervenes to defend currency peg

Hong Kong's de facto central bank intervenes to defend currency peg Hong Kong's de-facto central bank said it intervened twice on Friday and sold $3.78 billion against the Hong Kong dollar after the local currency hit the weak end of its trading band. The city's currency is pegged between 7.75-7.85 to the U.S. dollar, and the Hong Kong Monetary Authority (HKMA) intervenes at both ends to underpin the peg.The aggregate balance, the key gauge of c…

Hong Kong Intervenes to Defend FX Peg for Third Time in a Week

Hong Kong’s de-facto central bank bought the city’s dollar again to defend its foreign-exchange peg, as two previous rounds of intervention failed to send funding costs high enough to dampen bearish currency bets.

HKMA defends Hong Kong currency as higher US rates threaten trading band

The Hong Kong Monetary Authority (HKMA) intervened twice in the foreign exchange market overnight as gaping interest-rate differentials encouraged …

Hong Kong’s de facto central bank intervenes to defend currency peg

The city’s currency is pegged at between 7.75 and 7.85 to the US dollar.

Hong Kong moves to defend FX peg for third time in a week

Hong Kong authorities intervened for the third time in a week to support the currency, which had dropped towards the weak end of its official trading band as the city’s interest rates touched a three-year low.