Financial News
Written by: Li Fuyuan
2020-04-28 06:25
Last update date: 2020-04-28 06:25The Hong Kong dollar once again triggered a strong exchange guarantee of 7.75 Hong Kong dollars to 1 US dollar. The Hong Kong Monetary Authority took on the US dollar on Tuesday (28th) Hong Kong time and sold 10,672 million Hong Kong dollars to the market. The balance will further increase to 84.713 billion Hong Kong dollars.
On Monday (27th) afternoon, the Hong Kong exchange rate triggered a strong exchange guarantee. The HKMA undertook a sell order of US $ 300 million at the level of 7.75, releasing HK $ 2.325 billion.
During some times last week, the Hong Kong exchange rate has hit the 7.75 strong side exchange guarantee level. The HKMA entered the market last Thursday to buy US dollars and sold 7.71 billion Hong Kong dollars to defend the linked exchange rate system.
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