Under the linked exchange rate system, the HKMA is mandated to prevent the currency from breaching either side of a trading band, between 7.75 and 7.85 per US dollar. Photo: SCMP

Monetary authority poised to intervene as Hong Kong’s dollar weakens to its lower limit

Hong Kong’s currency weakened close to the lower limit of its trading band, as the city’s de facto central bank says it will step in when it hits 7.85 per US dollar

Topic |   Currencies

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Under the linked exchange rate system, the HKMA is mandated to prevent the currency from breaching either side of a trading band, between 7.75 and 7.85 per US dollar. Photo: SCMP
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