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$150m pumped into HK mkt
Mon, Dec 01, 2008
Reuters
>HONG KONG - HONG KONG'S central bank confirmed Monday that it had injected HK$775 million (S$150.4 million) into the territory's interbank market late last Friday in New York trading to stem an appreciating Hong Kong dollar .

The Hong Kong dollar was quoted at 7.7500/03 as of 0736 Hong Kong time on Monday. The currency is pegged at 7.8 to the US dollar but can trade between 7.75 and 7.85.

The Hong Kong dollar climbed back to the top of its trading band against the US dollar last Friday amid signs of fund inflows into the territory. Dealers said a stock market rally helped boost sentiment while attacks in Mumbai and political strife in Thailand may have also attracted fund flows into Hong Kong as a safe haven. -- REUTERS

 

 
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