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Hong Kong Defends Dollar Peg for 6th Day, Longest Run Since 2014

  • The city’s monetary authority sold 1.434 billion local dollars
  • Intervention brings aggregate balance to highest since 2018
Hong Kong Dollar, Chinese Yuan and US Dollar Banknotes As Currency Peg Intervention From HKMA Continues Into Third Day
Photographer: Paul Yeung/Bloomberg

Hong Kong’s de facto central bank intervened for the sixth straight day to defend the city’s currency peg to the greenback, the longest run of operations in five years.

The Hong Kong Monetary Authority sold HK$1.434 billion ($185 million) worth of local dollars on Friday, taking the total since it began intervening in April to HK$49.45 billion.