The Hong Kong dollar dropped to the weak end of its fixed trading range against the greenback, raising the prospect of intervention to buoy it.
The city’s dollar weakened to trade briefly at 7.85 against its US equivalent on Friday, for the first time since 2023, according to traders familiar with the transactions who asked not to be identified because they weren’t authorized to speak publicly. Cheap funding costs have encouraged investors to borrow it and buy the US currency.
