USD/HKD - General outlooks
US dollar:
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.