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HKMA Intervenes to Buy HKD Equivalent to HKD3.533B
2025-08-01 17:35:36
The HKD hit the weak-side Convertibility Undertaking, prompting the Hong Kong Monetary Authority (HKMA) to buy HKD equivalent to HKD3.533 billion (selling USD450 million) during Hong Kong trading hours. The aggregate balance of the banking system of Hong Kong will reduce to HKD79.02 billion on August 5.
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