HKMA buys HK$9.58 bln from market as local currency hits weak end of trading range
HONG KONG, June 21 (Reuters) - Hong Kong's de-facto central bank bought HK$9.577 billion ($1.22 billion) from the market on Tuesday to stop the local currency weakening and breaking its peg to the U.S. dollar, a HKMA spokesman said.
The Hong Kong dollar HKD=D3 is pegged in a tight band of between 7.75 and 7.85 to the U.S. dollar.
The aggregate balance - the key gauge of cash in the banking system - will decrease to HK$253.137 billion on June 23. ($1 = 7.8499 Hong Kong dollars)
Reporting by Twinnie Siu and Meg Shen; Editing by Andrew Heavens
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