Hong Kong Monetary Authority triggers weak side exchange rate pledge, buying 14.829 billion Hong Kong dollars to defend linked exchange rate.

According to the Wise Finance APP, the Hong Kong dollar is weakening, triggering a weak side exchange guarantee of 7.85 to 1 against the US dollar. On July 16, the Hong Kong Monetary Authority bought 14.829 billion Hong Kong dollars and sold US dollars to defend the linked exchange rate. The total balance of the Hong Kong banking system will fall below 100 billion Hong Kong dollars on July 17, dropping to 86.429 billion Hong Kong dollars.