HKD Supported by Low US Yield and Seasonal Factors, Despite Huge Political Uncertainty Ahead

<p>Recent strength of HKD has triggered the territory’s de facto central bank, HKMA, to defend the currency system. The key reasons for strong HKD are broad-based USD weakness, HIBOR-LIBOR spread, semiannual settlement and IPO activities in Hong Kong. Policy uncertainty has taken a backseat as the US government is ridden by mass scale protests and […]</p>
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