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HK dollar falls at fastest pace in 14 months on widening US rate gap

Thursday, April 27, 2017 - 05:50

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The Hong Kong dollar has fallen 0.3 per cent this year and touched 7.7849 on Tuesday, its weakest level since February 2016.

Hong Kong

FOR a pegged currency, the Hong Kong dollar is once again posting some outsized moves.

The city's dollar - linked to the greenback since 1983 - is falling at the fastest pace in 14 months as a widening interest-rate gap with the US reduces the lure of the city's assets.

sentifi.com

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