
HK$ intervention set to continue
Although it made no purchases last week on Friday or Thursday, it bought HK$7.33 billion ($940 million) last Wednesday, HK$2.53 billion on Tuesday and HK$2.65 billion on Monday. These followed daily purchases ranging from HK$2.65 billion to HK$5.85 billion the preceding week.
Local traders told FX Week that confidence in the Hong Kong dollar versus the US dollar has been hit by a slow-down in Hong Kong’s economic recovery .
"Hong Kong’s recovery from Sars [Severe Acute Respiratory Syndrome virus]
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]