USD/HKD - General outlooks
Economists expect the US dollar’s strength over the past year to eventually reverse in 2023 as the Fed’s interest rate hikes cycle finally comes to an end.
Hong Kong dollar:
In the first quarter of 2023, HKD has risen higher against USD in its 7.75 - 7.85 managed trading range.
Draconian restrictions on tourism have been relaxed finally however pessimism continues surrounding the city’s economic outlook into the future.