Core Viewpoint - The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market for the second time in a day, purchasing a total of 127.56 billion HKD to defend the currency peg against the US dollar [1] Group 1 - The HKMA's intervention was triggered by the Hong Kong dollar's weakness, hitting the weak end of the trading band at 7.85 HKD per USD [1] - In total, the HKMA bought 296.34 billion HKD throughout the day, including an earlier purchase of 168.78 billion HKD [1] - As a result of these interventions, the liquidity in the Hong Kong banking system is expected to decrease to 1,145.41 billion HKD by the following Monday [1]

Core Viewpoint - Argentina has abandoned its fixed exchange rate policy, allowing the Argentine peso to float within a specified range [1] Group 1 - The decision to allow the peso to float is aimed at stabilizing the economy and addressing inflation issues [1] - This move is expected to impact foreign exchange markets and could lead to increased volatility in the peso's value [1] - The government is likely to implement measures to manage the transition and mitigate potential negative effects on the economy [1]