“The Hong Kong Monetary Authority sold its own currency for a second time in a week to stem appreciation after it traded near the upper limit of a 29-year- old peg to the U.S. dollar.
The central bank bought $855 million at a rate of HK$7.75 per U.S. dollar, the authority said in an e-mailed statement today. That followed a $603 million intervention on Oct. 19, when it stepped into the market for the first time since 2009. The Hong Kong dollar was at HK$7.7503 as of 6:36 p.m. local time, according to data compiled by Bloomberg, with local financial markets closed for a public holiday.”
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