HKD news & headlines
Latest breaking stories, features and analysis
- The USD/HKD is in a tight range as investors react to Hong Kong PMI data.
- The manufacturing PMI rose from 40 to 47.7, in a sign that manufacturers are facing challenges.
- Other recent data from Hong Kong like retail sales have also disappointed.
Latest HKD news
The USD/HKD pair is little changed today as traders reflect on the upbeat manufacturing PMI data from Hong Kong. It is trading at 7.7500, the lower limit of the Hong Kong dollar peg. The US dollar index is down by more than 0.20%. Hong Kong manufacturing PMI rise Manufacturing activity in Hong Kong rebounded in June as the city eased movements on travel. According to Markit, the manufacturing PMI rose from the previous 43.9 to 49.6 in June. That...
The USD/HKD pair was little changed as traders reacted to the weak trade numbers from Hong Kong. The pair is trading at 7.7500, where it has been since April this year. Hong Kong exports and imports slide Business activity worsened in May as traders reacted to the recently passed Hong Kong security law by the Chinese government. The situation was also worsened by the rising coronavirus cases in the city and in its biggest trading partners. The to...
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 beli...