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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: