The Hong Kong dollar weakened towards the lower end of its trading band as the widening interest-rate gap with the US increased the appeal of carry trades. The HKMA raised its base rate by 25 basis points to 4.25%, although analysts do not expect an immediate currency-market intervention.
The Hong Kong dollar weakened towards the lower end of its trading band as the widening interest-rate gap with the US increased the appeal of carry trades. The HKMA raised its base rate by 25 basis points to 4.25%, although analysts do not expect an immediate currency-market intervention.
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