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ICYMI more Asian forex intervention - ForexLive

I posted yesterday with a reminder on the likelihood of further FX intervention, poste here:

Confirmed … the Hong Kong Monetary Authority were back in the forex markets buying HK dollars against the USD

  • 604mln HKD intervention reported
  • at the weak end of the HKD trading band (band is  7.75 to 7.85 for USD/HKD)

Note … the HKMA are not a bunch of flakes like the SNB actually I won't mention names. 

Yesterday I posted a daily chart (bid pic!) …. here's the hourly:

I posted yesterday with a reminder on the likelihood of further FX intervention, poste here:
ForexLive

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