港元接近弱方兑换保证水平 交易员在套利交易中卖出

Core Viewpoint - The Hong Kong dollar is approaching the weak end of its trading range, prompting traders to increase borrowing for arbitrage as local interest rates decline [1] Group 1: Currency Performance - The Hong Kong dollar fell to a low of 7.8294 against the US dollar, nearing the weak end of the convertibility range of 7.85 [1] - Since May, the Hong Kong dollar has depreciated nearly 1%, heading towards its largest monthly decline since the implementation of the linked exchange rate system in 1983 [1] Group 2: Market Dynamics - Recent weeks have seen pressure on the Hong Kong dollar as the interest rate differential between Hong Kong and the US has widened to record levels [1] - Following a significant drop in the US dollar that pushed the Hong Kong dollar towards the strong end of the convertibility range, the Hong Kong Monetary Authority injected liquidity into the financial system earlier this month [1]