HKMA May Continue to Pull Liquidity to Support HKD Vs. USD -- Market Talk
Dow Jones
Jul 14
0130 GMT - The Hong Kong Monetary Authority may continue to withdraw liquidity to boost local interbank offered rates and keep USD/HKD within 7.75-7.85 range, UOB's Global Economics & Markets Research team says. Hong Kong's central bank bought HK$13.28 billion of the local currency late last week, as the Hong Kong dollar dropped against its U.S. counterpart to 7.85, the weak end of the official trading band, the team says in a note. HKMA's five rounds of HKD-buying interventions conducted since late June have totaled around HK$72.35 billion, HKMA data show. USD/HKD is steady at 7.8500, according to FactSet. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 13, 2025 21:30 ET (01:30 GMT)
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