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HKMA buys Hong Kong dollar at record pace as peg gets tested

The Straits Times LogoThe Straits Times1w ago

HKMA buys Hong Kong dollar at record pace as peg gets tested

Quick Summary

June 22, 2022 2:06 PMThe currency still continues to linger near the weak end of its 7.75-to-7.85 per greenback trading band.

The currency still continues to linger near the weak end of its 7.75-to-7.85 per greenback trading band.

HKMA chief executive Eddie Yue had said earlier this week that the HKMA may accelerate purchases of the local currency until the city's interest rates approach the US level, Sing Tao Daily reported.


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Article Details

Category: Economy

Topics: Rates Greenback Local Hong Hkma Dollar Currency Month Trading Kong Band

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 14:06:09

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Reading Time: 3 minutes read

Article Length: 422 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 3006

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About The Straits Times

The Straits Times Logo

Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 7 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 11h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #25

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