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HKD Index Triggers Weak-side CU; HKMA Sells USD for HKD4.082B
The weak-side Convertibility Undertaking (CU) of HKD7.85 to USD1 under the Linked Exchange Rate system (LERS) was triggered. The Hong Kong Monetary Authority (HKMA) further dispose...
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HKD Index Triggers Weak-side CU; HKMA Sells USD for HKD4.082B
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2022/05/12 17:26
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The weak-side Convertibility Undertaking (CU) of HKD7.85 to USD1 under the Linked Exchange Rate system (LERS) was triggered. The Hong Kong Monetary Authority (HKMA) further disposed USD520 million against HKD to acquire HKD4.082 billion during Hong Kong trading hours.

The balance of the banking system of Hong Kong is estimated to reduce to HKD331.923 billion next Monday (16th).
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