Hong Kong's foreign exchange reserves have once again reached a strong level, with the Hong Kong Monetary Authority subsequently selling $7.812 billion.
The Hong Kong dollar reached 7.75 against the US dollar again on Tuesday morning, hitting a strong exchange rate guarantee level.
Recently, the Hong Kong dollar has maintained its strength, with the exchange rate against the US dollar rising again to 7.75 on Tuesday morning, reaching a strong level of exchange guarantee. According to data from the Hong Kong Monetary Authority, after the US stock market closed, there was another $7.812 billion in selling orders, injecting $60.543 billion Hong Kong dollars into the market.
Since last Friday, after the US stock market closed, the Hong Kong Monetary Authority has started accepting US dollar selling orders, injecting $46.539 billion Hong Kong dollars into the market. Together with the $9.532 billion Hong Kong dollars injected during yesterday's Asian trading session, a total of $116.614 billion has been injected for the third time. By Wednesday (May 7th), the total surplus in the Hong Kong banking system is expected to increase to $161.384 billion Hong Kong dollars.
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