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More on the Hong Kong Monetary Authority intervention to sell USD

  • Sold USD, bought HKD
Eamonn Sheridan
11/05/2022 | 22:55 GMT

The Hong Kong Monetary Authority acts as Hong Kong's central bank.

Earlier post:

  • It has intervened to buy HKD against the USD to defend its currency peg. For the first time since 2019.

Reuters report the HKMA bought 1.586bn HKD against the USD to defend the peg (HKD weakening).

See that post linked above to see the peg in action (chart).

Daily chart:

usdhkd 12 May 2022

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