HKMA intervenes by buying HKD 3.93 bn today to defend the peg

Earlier today, Reuters reports that the Hong Kong Monetary Authority (HKMA) intervene by purchasing HKD 2.8bn to defend the peg. The upper bound is at 7.85 for USD/HKD.

Last minutes, the Hong Kong central bank added HKD 3.93 bn to earlier buys, bringing the total to HKD 25.3 bn bought so far in August.