The Hong Kong dollar surged by the the most in 15 year on Friday, on expectations of rising bank lending rates and tightness in cash supplies, pulling it off the weak end of its narrow trading band it had been stuck at for six months.
The Hong Kong dollar rose to 7.8107 against the US dollar as 3:51 local time, surging 0.6 per cent to break through 7.8 mark at one point, the biggest move in . . .
To continue reading, please subscribe. You will get
- ORIGINAL & IN-DEPTH reporting about key trends in China's economy and financial markets
- THE WIRE 7*24 - up-to-the-minute updates, with details and data you won't find elsewhere.
- DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.
- QUALITY INFORMATION. We provide quality information to help intelligent and professional readers make informed decisions.
GRAB THE MID-YEAR SPECIAL OFFER !
SUBSCRIBE AT $0.5 A DAY!
We highly value independence. We are solely funded by subscriptions from intelligent readers like you. Not ready for our full service? Try Free Weekly Newsletter first.
Already have an account? Sign In