Hong Kong’s central bank continues FX intervention to support the Hong Kong dollar
The Hong Kong Monetary Authority acts as Hong Kong’s central bank. HKMA buys 13.8 bn HKD to support the currency. HKD is trading at the weaker end of its band, i.e. the top of the permitted band for USD/HKD: I’ve posted on this before, ICYMI: Since 1983, the HKD has been pegged to the U.S….