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Hong Kong's central bank intervenes in FX

Started by forex4you, Oct 13, 2022, 05:21 am

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Oct 13, 2022, 05:21 am
Hong Kong's central bank intervenes in FX

<p>The Hong Kong Monetary Authority is HK's central bank.</p><p>The Bank has intervened to buy HKD, amount circa 11.7bn HKD, sell USD to support the Hong Kong dollar. </p><p>The HKD trades in a band set by the HKMA, and defended, when needs be, by them. With the super-strength USD playing havoc with other FX the HKMA has once again been in the market. </p><p>You can clearly see the lower bound for the HKD in the chart above, upper bound for USD/HKD. </p>

                This article was written by Eamonn Sheridan at forexlive.com.

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