Hong Kong Exchange triggers weak-side exchange guarantee. Hong Kong Monetary Authority buys over 13.2 billion Hong Kong dollars to defend linked exchange rate.

Zhongtong Financial APP learned that the Hong Kong dollar exchange rate was slightly weak, triggering a weak exchange guarantee of 7.85 against the US dollar. The Hong Kong Monetary Authority entered the market during the New York session, buying 13.282 billion Hong Kong dollars and selling US dollars to defend the linked exchange rate.