Core Viewpoint - The Hong Kong Monetary Authority (HKMA) intervened in the currency market by selling US dollars and buying Hong Kong dollars, as the HKD exchange rate triggered the weak end of the peg at 7.85 HKD per USD during the New York trading session [1] Group 1: Currency Intervention - The HKMA sold approximately 8.439 billion HKD to buy HKD, which will reduce the banking system's aggregate balance to 64.062 billion HKD by August 8 [1] - Since June 26, the HKMA has intervened in the market to buy HKD a total of 10 times [1] Group 2: Currency Peg Mechanism - The currency peg system, implemented since 1983, allows the HKD to fluctuate within a normal range of 7.75 (strong end) to 7.85 (weak end) against the USD [1] - If the HKD triggers the strong end of the peg, the HKMA will buy USD and sell HKD; conversely, if it triggers the weak end, the HKMA will sell USD and buy HKD [1]
港元再度触及弱方兑换保证 香港金管局买入逾84亿港元
Sou Hu Cai Jing·2025-08-06 13:39