Once again into the breach for the Hong Kong Monetary Authority
The Hong Kong $ is pegged at 7.80 vs USD but can trade between 7.75-7.85. However under the rules of the peg the HKMA is obliged to step in when either extreme is traded to keep the band intact
This on-going intervention is at the lower end of that band
HKMA says the latest intervention will lift the aggregate balance (the sum of balances on clearing accounts maintained by banks with them) to HK$ 403.16 bln on 26 Oct when the injected funds will be settled.
