Hong Kong dollar

CICT overtakes Hong Kong’s Link Reit to become Asia’s largest real estate investment trust

A main factor behind this is the strength of the Singapore dollar, which has gained 5.7% against the greenback so far this year

The supply of cash is dwindling this week as banks are hoarding their reserves toward the end of the month and the quarter.

Hong Kong’s key rate climbs above 3% to pose risks for economy

If the gauge sustains above that level, it could have a negative impact on the economy

The Hong Kong Monetary Authority bought HK$6.429 billion of the local currency on Aug 5, in addition to its purchases on Aug 1 and Jul 30.

Hong Kong resumes currency intervention spree amid low rates

[HONG KONG] Hong Kong’s brief pause from defending its beleaguered currency proved to be short-lived, as the authorities were forced to buy local dollars for the third time in a week amid stock outflo...

The Hong Kong Monetary Authority (HKMA), the Chinese financial hub’s de-facto central bank, bought HK$29.6 billion (S$4.8 billion) of the currency in New York trading on Thursday (Jul 4).

Hong Kong moves to defend FX peg for third time in a week

The HKMA maintains the local currency in a trading range of HK$7.75 to HK$7.85 against the US dollar

To keep the Hong Kong dollar in the allowed trading range against its US counterpart, the HKMA absorbs flows by taking the opposite side of trades once they reach either end of the band.

Hong Kong steps up defence of FX peg as fixed range tested again

The Hong Kong dollar has been through a rollercoaster ride in recent months, swinging between both ends of its trading range

The intervention follows a rollercoaster ride for the Hong Kong dollar that has seen it swing between both ends of its trading range as authorities sought to protect the currency peg.

Hong Kong intervenes to defend FX peg as local currency drops

The central bank’s predicament stands in contrast to the dilemma faced by most of its Asian peers, which are trying to cool their currencies’ gains against the US dollar

The Hong Kong dollar is pegged in a tight band between 7.75 and 7.85 to the US dollar.

Hong Kong Monetary Authority says outlook for local currency uncertain

The city’s de-facto central bank has made the comments in response to the US Federal Reserve’s overnight decision to keep rates unchanged

Some market watchers have called for switching Hong Kong’s US dollar peg to the yuan at a time when trade tensions between the world’s two largest economies have created uncertainty.

Hong Kong to maintain US dollar peg despite geopolitical tensions

[SHANGHAI] Hong Kong will maintain its currency peg to the US dollar, the financial hub’s leader said in an interview published on Monday (Jun 9), despite escalating geopolitical tensions and some cal...

Major tenors of forward points of the Hong Kong dollar, ranging from one-month to six-month, were all near their historic lows on Tuesday.

Hong Kong dollar funding cost drops in FX intervention aftermath

Hibor extended its drop as it fell below 1% on Tuesday (May 20) for the first time since 2022

The Hong Kong dollar fell to a low of 7.8220 per dollar, the weakest level since May 2024.

Hong Kong dollar falls to near one-year low on flush cash conditions

The move comes after efforts to defend the currency’s peg to move within 7.75 and 7.85 per dollar