HONG KONG, May 4 (Reuters) - Hong Kong's central bank, the Hong Kong Monetary Authority, confirmed on Monday it injected HK$1.55 billion (US$200 million) into the money market late on Friday in New York trade as the Hong Kong dollar hit the top of its trading band.
According to data on Reuters page
The Hong Kong dollar is pegged at 7.80 to the U.S. dollar but can trade between 7.75 and 7.85 to the U.S. dollar. Under the linked exchange rate mechanism, the HKMA is obliged to intervene in the market to keep the trading band intact if the currency hits 7.75 or 7.85.
It was quoted at 7.7500/05 as of 0730 Hong Kong time on Monday (2330 GMT on Sunday). (US$1=HK$7.75) (Reporting by Donny Kwok; editing by Dhara Ranasinghe)