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The Economic Times

Business

Anupam Nagar

Global Market: Hong Kong dollar nears weak side of trading band, raising prospect of HKMA intervention

Hong Kong Monetary Authority Hong Kong United States Interest Rates US Dollar ANZ

The Hong Kong dollar edged closer to the weak end of its trading band against the US dollar on Tuesday, raising the prospect of intervention by the Hong Kong Monetary Authority (HKMA) to defend the currency's peg, according to a report by Reuters.

As of 0325 GMT, the currency was trading at 7.8475 per US dollar, approaching the weak-side limit of 7.85, according to Reuters data.

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