时隔两月再现反转 港元对美元汇率“扶摇直上”

Core Viewpoint - The Hong Kong dollar has experienced a significant appreciation against the US dollar, marking a reversal after two months of stability at the weak end of the peg, attributed to various market factors [1]. Group 1: Currency Performance - On August 19, the Hong Kong dollar rose sharply against the US dollar, reaching a high of 7.7926, with a daily increase of 0.35% [1]. - This marks the fifth consecutive trading day of appreciation for the Hong Kong dollar, breaking through multiple levels from 7.85 to 7.80 [1]. Group 2: Market Analysis - Analysts attribute the dramatic appreciation of the Hong Kong dollar to the Hong Kong Monetary Authority's interventions aimed at stabilizing the currency, leading to a qualitative change after a quantitative reduction in the currency's surplus [1]. - The narrowing interest rate differential between the Hong Kong dollar and the US dollar has prompted the unwinding of carry trades [1]. - The expectations of interest rate cuts by the Federal Reserve and a surge of capital inflows into Hong Kong stocks have also contributed to the strengthening of the Hong Kong dollar [1].