Asia FX - Intervention from Hong Kong's 'central bank' to support the HK dollar

The Hong Kong Monetary Authority is Hong Kong's 'central bank'. It defends a trading band for the Hong Kong dollar.

It bought circa 9.26bn HKD against the rampantly risng USD to defend the weak side (for the HKD) of the peg.

Monthly candles for the USD/HKD. You can clearly see the limits of the trading band:

usdhkd monhly hkma intervention 15 June 2022

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