HONG KONG, April 4 (Reuters) - Hong Kong's de-facto
central bank bought HK$7.104 billion ($905.22 million) worth of
U.S. dollars in the open market during New York trading hours to
stop the local currency weakening beyond its target range.
The Hong Kong dollar is pegged within a band of
7.75 to 7.85 versus the U.S. dollar. It touched 7.85 on Monday.
The aggregate balance - the main gauge of cash in Hong
Kong's banking system - will fall to HK$69.915 billion on April
6, an HKMA spokesperson said on Tuesday morning.
($1 = 7.8478 Hong Kong dollars)
(Reporting by Donny Kwok; Editing by Christopher Cushing)
Messaging: donny.kwok.reuters.com@reuters.net))
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