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Hong Kong Continues to Pump Money into FX Market to Halt HK Dlr Rise

Posted:20/11/2008 7:49 by Stephanie Sprague
The Hong Kong Monetary Authority (HKMA) continued to pump money into the currency market to halt the Hong Kong dollar's appreciation. The HKMA injected two rounds of US$300 million on Thursday morning to try to keep the currency within its pegged trading band. The HK dollar was trading at 7.75 to the US dollar before the most recent injections, and at 0711 GMT, it is still hovering around the upper limit of its pegged dollar trading band. click here to return to the top of the page
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