币界网报道：Hong Kong's monetary authority has intervened to defend its currency peg to the U.S. dollar, injecting liquidity into the banking system as the Hong Kong dollar weakened to the lower end of its trading band. The Hong Kong Monetary Authority (HKMA) purchased HK$3.5 billion ($447 million) worth of local currency, marking its first such move since October 2023. This action comes as rising U.S. interest rates create pressure on the Hong Kong dollar, which is pegged at 7.8 to the greenback but allowed to trade between 7.75 and 7.85. The HKMA stated it will continue monitoring market conditions and take necessary steps to maintain currency stability under the linked exchange rate system, which has been in place since 1983. Analysts note that while such interventions are routine, they highlight the challenges of maintaining currency pegs amid diverging monetary policies between Hong Kong and the U.S.