June 9, 2020 / 9:39 AM / 25 days ago

Hong Kong's c.bank sells HK$1.9 bln as HKD firms to trading limit

HONG KONG, June 9 (Reuters) - The Hong Kong Monetary Authority sold HK$1.938 billion ($250.06 million) worth of Hong Kong Dollars into the market on Tuesday as the currency strengthened to its trading limit.

The HKD is tightly pegged to the greenback at 7.75-7.85 per U.S. Dollar. The central bank has been conducting sales in recent sessions to keep the currency within its trading band. ($1 = 7.7500 Hong Kong dollars) (Reporting by Donny Kwok, Twinnie Siu, Clare Jim; Writing by Noah Sin; Editing by Andrew Heavens)

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