More intervention by HKMA to defend currency peg

HKMA intervenes in the market again

This time it is reported that they bought HK$7.85 billion to support the local currency and defend the peg at 7.85 against the dollar. The aggregate balance will now decrease to HK$76.35 billion as at 30 August (spot date).

The HKMA also intervened in the market earlier in the day as Eamonn reported here.

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