22nd May
The USD/HKD shot up as the market remained concerned about protests in Hong Kong. Hong Kong stocks too nosedived, with the Hang Seng index, which dropped by more than 4%. USD/HKD rises as Hong Kong crisis escalates The USD/HKD pair rose sharply after the Xi Jinping government said it planned to impose national security in Hong Kong. The reports emerged ahead of the National People’s Congress meeting that is set to start today. Analysts believe that the unprecedented move will be condemned by Western countries, including the United States. In a statement, Donald Trump said that he would “address that
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USD/HKD pair rose ahead of the annual National People's Congress meeting.
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China is set to impose national security in Hong Kong, which will lead to protests.
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The new crisis comes at a time when Hong Kong is battling the coronavirus pandemic
