The Hong Kong Monetary Authority has sold over a 100 billion in Hong Kong dollars in the foreign-exchange market this month.

The strong side convertibility undertaking, which obligates the HKMA to purchase USD and issue HKD base money, does not face constraints like foreign reserve availability that might apply on the weak ...

The Hong Kong dollar’s rally to HK$7.75 triggered intervention from the HKMA to sell Hong Kong dollars to defend the currency’s peg to the greenback, Mizuho Securities Asia’s Ken Cheung said ...

Professor Billy Mak says weaker currency will incentivise tourists to visit and global investors to seek city’s professional ...

The city’s de facto central bank stepped in to maintain the peg to the US dollar amid strong capital inflow and rising ...

The Hong Kong Monetary Authority (HKMA) on Tuesday said it bought HK$60.5 billion against the Hong Kong dollar on Tuesday ...

Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg.Most ...

This has resulted in the HKMA selling over a 100 billion in Hong Kong dollars in the foreign-exchange market this month, in order to defend the currency’s peg to the world’s reserve currency. The Hong ...

NEW YORK] The Hong Kong dollar’s funding costs plunged the most since 2008, as the monetary authority’s intervention to ...