Hong Kong Dollar Approaches 7.8500 Weak-Side Guarantee, HKMA Chief Cites Rate Differential and Stock Market Factors
According to Hong Kong Monetary Authority Chief Executive Yue Weiwen today, the Hong Kong dollar has weakened to around 7.8460-7.8475 levels, approaching the weak-side convertibility guarantee at 7.8500. The depreciation reflects two main factors: an expanded interest rate differential between the H
GateNews·10-06 08:37
