July 22, 2022 07:38 GMT
- *HKMA: HONG KONG SEES NO NEED, NO PLAN TO CHANGE DOLLAR PEG
- *HKMA'S YUE SAYS FULLY CONFIDENT ABOUT DOLLAR PEG
- *HKMA: AGGREGATE BALANCE DROP EXPECTED; PEG DESIGN TRANSPARENT (BBG)
- We have seen that the FX reserves have been falling in recent months as the HMKA has been intervening to protect the local currency peg due to the policy/economic divergence between Fed/US ad HKMA/HK (see chart).