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Foreign assets in Hong Kong Exchange Fund HK$3.559 trln at end-April

May 14 (Reuters) - Foreign assets in Hong Kong's Exchange Fund stood at HK$3,558.6 billion ($453.33 billion) at the end of April, down HK$39.4 billion from the previous month, the Hong Kong Monetary Authority said on Monday.

The Exchange Fund backs the local currency, which has been pegged to the U.S. dollar since 1983. ($1 = 7.8499 Hong Kong dollars) (Reporting by Twinnie Siu; Editing by Biju Dwarakanath)