The Hong Kong Monetary Authority triggered the weak-side exchange rate guarantee, injecting 64.29 billion Hong Kong dollars into the market.
In the early morning of August 5th, due to the Hong Kong dollar weakening triggering the 7.85 exchange rate guarantee against the US dollar, the Hong Kong Monetary Authority entered the market during the New York session, buying 64.29 billion Hong Kong dollars and selling US dollars. The overall balance of the Hong Kong banking system will decrease to 724.61 billion Hong Kong dollars tomorrow.
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