The HKMA acts as Hong Kong's central bank, they were in market on Monday buying the HKD
HKMA = Hong Kong Monetary Authority
- Reports the HKMA bought circa HKD 2bn (against the USD) to defend the 'peg' on Monday
- The permitted band for the HKD is 7.75 to 7.85
If the HKD weakens to 7.85, the HKMA will be back in again.
