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The Hong Kong dollar has risen to the strong side of the peg against the US dollar, a first in four years.
Jin10 data reported on May 2nd, according to LSEG data, the Hong Kong dollar reached the strong-side convertibility guarantee level of 7.75 HKD against the US dollar on Friday. The last time the Hong Kong dollar reached the strong-side convertibility guarantee level was at the end of 2020, while it touched the weak-side convertibility guarantee level in 2022 and 2023.