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HKMA buys HK$8.58 bln from market as currency hits weak end of trading band

HONG KONG, June 23 (Reuters) - Hong Kong's de-facto central bank bought HK$8.58 billion ($1.09 billion) from the market in New York trading hours to stop the local currency 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 -
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HKMA buys HK$11.25 bln from market as currency hits weak end of trading band

HONG KONG, June 22 (Reuters) - Hong Kong's de-facto central bank bought HK$11.249 billion ($1.43 billion) from the market in New York trading hours to stop the local currency 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
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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 bala
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HKMA buys HK$5.22 bln from market as currency hits weak end of trading band

HONG KONG, June 21 (Reuters) - Hong Kong's de-facto central bank bought HK$5.22 billion ($664.99 million) from the market in New York trading hours to stop the local currency 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
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HKMA buys HK$12.8 bln from market as currency hits weak end of trading band

HONG KONG, June 18 (Reuters) - Hong Kong's de-facto central bank bought HK$12.819 billion ($1.63 billion) from the market in New York trading hours to stop the local currency 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
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Hong Kong c.bank raises base rate following Fed, banks stand pat

HONG KONG, June 16 (Reuters) - The Hong Kong Monetary Authority (HKMA) raised on Thursday its base rate charged through the overnight discount window by 75 basis points to 2%, hours after the U.S. Federal Reserve delivered a rate hike of the same margin. However, major domestic banks including HSBC 0005.HK and Standard Chartered 2888.HK decided to
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Hong Kong central bank raises interest rate after Fed move

HONG KONG, June 16 (Reuters) - The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 75 basis points to 2%, hours after the U.S. Federal Reserve delivered a rate hike of the same margin. Hong Kong's monetary policy moves in lock-step with the United States' as the city's currency H
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HKMA buys HK$13.8 bln from market as currency hits weak end of trading band

HONG KONG, June 16 (Reuters) - Hong Kong's de-facto central bank bought HK$13.824 billion ($1.76 billion) from the market in New York trading hours to stop the local currency's 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 balan
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HKMA buys HK$11.78 bln from market as local currency hits weak end of trading range

(Removes reference to spokesman in last para) HONG KONG, June 15 (Reuters) - Hong Kong's de-facto central bank bought HK$11.775 billion ($1.50 billion) from the market on Wednesday 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 7.7
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HKMA buys HK$9.255 bln from market as currency hits weak end of trading band

HONG KONG, June 15 (Reuters) - Hong Kong's de-facto central bank bought HK$9.255 billion ($1.18 billion) from the market in New York trading hours to stop the local currency 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
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HKMA buys HK$4.4 bln from market as local currency hits weak end of trading range

HONG KONG, June 14 (Reuters) - Hong Kong's de-facto central bank bought HK$4.396 billion ($560.01 million) from the market to stop the local currency 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
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HKMA buys HK$5.9 bln from market as currency hits weak end of trading band

HONG KONG, May 16 (Reuters) - Hong Kong's de-facto central bank bought HK$5.888 billion ($750 million) from the market to stop the local currency 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 t
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HKMA buys HK$3.2 bln from market as currency hits weak end of trading band

HONG KONG, May 14 (Reuters) - Hong Kong's de-facto central bank bought HK$3.164 billion ($403 million) from the market in New York trading hours to stop the local currency 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, t
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HKMA buys HK$2.865 bln from market as currency hits weak end of trading band

HONG KONG, May 13 (Reuters) - Hong Kong's de-facto central bank bought HK$2.865 billion ($365 million) from the market in New York trading hours to stop the local currency 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 -
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HKMA buys HK$4.08 bln from market as currency hits weak end of trading band

HONG KONG, May 12 (Reuters) - Hong Kong's de-facto central bank bought HK$4.082 billion ($520 million) from the market on Thursday to stop the local currency 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. It has been softening as U.S. interest
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Hong Kong c.bank props up currency, first intervention since Oct 2020

By Donny Kwok and Alun John HONG KONG, May 12 (Reuters) - The Hong Kong Monetary Authority (HKMA) stepped into currency markets for the first time in 18 months, twice buying Hong Kong dollars to stop the local currency weakening and breaking its peg to the U.S. dollar. The de facto central bank bought HK$1.586 billion ($202 million) from the market
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HKMA buys HK$1.586 bln from market as currency hits weak end of trading band

HONG KONG, May 12 (Reuters) - Hong Kong's de-facto central bank bought HK$1.586 billion ($202 million) from the market on Thursday to stop the local currency weakening and breaking its peg to the U.S. dollar, the first time it has intervened in eighteen months. The Hong Kong dollar HKD=D3 is pegged to a tight band of between 7.75 and 7.85 versus th
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Hong Kong dollar plumbs to weak end of band as U.S. rates rise

By Alun John HONG KONG, April 20 (Reuters) - Surging U.S. yields and a surfeit of cash in the local banking system have pushed the Hong Kong dollar to its weakest since late-2019, near levels at which the central bank might be forced to defend the peg. The Hong Kong dollar HKD=D3 is pegged to a tight band of between 7.75 and 7.85 versus the U.S. do
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