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HKMA has intervened in the FX market

HKMA has intervened in the FX market

Central Banks
By Eamonn Sheridan
20/06/2022 | 22:28 GMT
  • The Hong Kong Monetary Authority acts as Hong Kong's central bank.

The HKMA has intervened to buy 5.2bn HKD against the USD to defend its currency peg.

I posted a chart of the HKD last week (the HKMA was intervening last week also) where you can spot the limits of the trading band:

usdhkd monhly hkma intervention 15 June 2022

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