HKMA buys moar HKD as USD/HKD continues to hit the 7.85 ceiling
Reported intervention by the HKMA, buying HK$3.925 billion to support the Hong Kong dollar against the greenback. The aggregate balance of the central authority will fall to HK$86.976 billion as a result by 29 August - all things equal.
They have been active once again after intervening back in May as the USD/HKD continues to test the limits of its currency peg system between 7.75 and 7.85. Previous reported interventions were on 15 August: here and here.
