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HKMA says injected 775 mln hkd into market to rein in local currency.
(From AFX Europe (Focus))
HONG KONG (XFN-ASIA) - The Hong Kong Monetary Authority (HKMA) said it sold 775 mln hkd on Friday night to keep the Hong Kong dollar inside its trading band.
The latest action is expected to increase the aggregate balance of the Hong Kong banking sector to 85.103 bln hkd tomorrow, the HKMA said.
The Hong Kong dollar is officially pegged at 7.8 to ...
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