The Hong Kong Monetary Authority intervened three times within a week to defend the linked exchange rate system.

As the interest rates in Hong Kong hit a three-year low, the Hong Kong dollar exchange rate fell to a weak side exchange guarantee, the Hong Kong authorities intervened three times within a week to support the local currency. The Hong Kong Monetary Authority bought 29.6 billion Hong Kong dollars during the Thursday trading session in New York. This intervention amount was higher than the 20 billion Hong Kong dollars earlier this week, and more than three times the 9.4 billion Hong Kong dollars from last week.