HKMA Intervenes Again, USDHKD Doesn't Budge

Nasdaq: HKMA intervenes as HK dollar weakens, buys HK$1.57 bln

The Hong Kong Monetary Authority (HKMA) stepped into currency markets on Tuesday, buying HK$1.57 billion ($200.0 million) as its currency hit the weak end of its trading band.

Today's action in the U.S. will only increase the pressure on Wednesday.