Hong Kong Monetary Authority triggers weak side exchange guarantee. The Hong Kong Monetary Authority enters the market to buy 64.29 billion Hong Kong dollars.
According to the Securities Times app, in the early morning of August 5th, due to the Hong Kong dollar's weakness triggering the weak side exchange guarantee of 7.85 to 1 US dollar, the Hong Kong Monetary Authority entered the market during the New York trading session, buying 6.429 billion Hong Kong dollars and selling US dollars. The total balance of the Hong Kong banking system will decrease to 72.461 billion Hong Kong dollars tomorrow.
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