HKD Weakened Despite Widening HIBOR-LIBOR Spread; Hong Kong’s Autonomy at Risk as China Seeks to Impose New Law

<p>Volatility in USDHKD has increased since last week. HKD fell from the strong-side convertibility undertakings against USD after the Chinese Communist Party (CCP) announced the plan to impose national security law in the city. The 12-month HKD FX swap points jumped from 240 to 700 in two days’ time. Although both HKD spot and forward […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/special-topics/297850-hkd-weakened-despite-widening-hibor-libor-spread-hong-kongs-autonomy-at-risk-as-china-seeks-to-impose-new-law/">HKD Weakened Despite Widening HIBOR-LIBOR Spread; Hong Kong’s Autonomy at Risk as China Seeks to Impose New Law</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>