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]

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