HKMA steps into the market to buy up the HKD again
The HKMA stepped in during overnight trading and bought HK$2.159 billion in the first defense since May. And it is now reported that they have bought another HK$2.355 billion to support the local currency, according to Bloomberg.
Meanwhile, USD/HKD continues to trade at the upper band of the allowed 7.75 to 7.85 levels:
