Hong Kong braces for higher rates as currency losses accelerate
City's currency pegged to greenback, and the current wide HK dollar-US dollar gap is seen as not normal
Sat, Jul 08, 2017 - 5:50 AM
HOW long can it last? That's what watchers of Hong Kong's markets are asking as the gap between local and US interbank rates widens to the most since 2009. The city's currency peg to the greenback effectively ties its monetary policy to that of the US, making the growing...