HKMA buys HK$1.94 bln from market as currency hits weak end of trading band
HONG KONG, Sept 28 (Reuters) - Hong Kong's de-facto central bank bought HK$1.939 billion ($247.01 million) from the market in New York trading hours to stop the local currency from weakening and breaking its peg to the U.S. dollar.
The Hong Kong dollar HKD=D3 is pegged to a tight band of between 7.75 and 7.85 versus the U.S. dollar.
The aggregate balance - the key gauge of cash in the banking system - will decrease to HK$123.336 billion on Sept. 29, an HKMA spokeswoman said on Wednesday. ($1 = 7.8498 Hong Kong dollars)
Reporting by Donny Kwok; Editing by Muralikumar Anantharaman
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