The Hong Kong Monetary Authority injected HKD 605.43 billion this morning, making a total of HKD 1166.14 billion in three injections.
This morning, the Hong Kong Monetary Authority injected a further 60.543 billion Hong Kong dollars into the market as the US dollar weakened. The Hong Kong dollar exchange rate against the US dollar has long been pegged at 7.75 on the strong side. According to data released by the Monetary Authority, after the US stock market closed, there was an additional $7.812 billion worth of sell orders. The banking system surplus will rise to 161.384 billion Hong Kong dollars. Since the US stock market closed last Friday, the Monetary Authority has begun to accept US dollar sell orders and injected 46.539 billion Hong Kong dollars into the market due to the strong side exchange rate guarantee being triggered. Along with the 9.532 billion Hong Kong dollars injected into the market during yesterday's Asian trading session, a total of 116.614 billion Hong Kong dollars has been injected for the third time.
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