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Questions about the peg -- under which the Hong Kong dollar is set at a narrow trading range of between 7.75 to 7.85 to one U.S. dollar -- aren't new. But they are growing amid fears that the ...
The U.S. 10-year Treasury yield is flirting with 5%, while it’s only a matter of time before China goes to sub-1%. Because of the dollar peg, Hong Kong can no longer be Asia’s go-to ...
(Hibor and Libor represent a daily average of what banks say they would charge to lend to one another.) That gap makes it attractive for traders to borrow in Hong Kong dollars to buy US dollars to ...
Asian equities were mixed overnight as Hong Kong outperformed the region. Expectations the US interest rate hiking cycle is over fueled China’s renminbi’s gain of +0.58% versus the US dollar ...
HONG KONG/SHANGHAI (Reuters) - Hong Kong has no intention and sees no need to change the system that pegs the city's currency in a tight band to the U.S. dollar and has the ability to defend it, the ...