HKD Market Update
02 May 2026 • 01:22 GMT
The Hong Kong dollar remains near its 90-day lows against the US dollar, trading close to 0.1276. This level is also near its 3-month average, with most recent moves staying within a narrow 0.4% range from 0.1276 to 0.1281. The dollar has been supported recently by rising oil prices and hawkish signals from the Federal Reserve, prompting cautious sentiment in the HKD.
Meanwhile, the HKD has seen some movement against other currencies; it is near 7-day lows against the euro at about 0.1088 and is a little below its 3-month average there. Against the British pound, the HKD sits slightly below its average, at 0.0940, within a stable range. The currency also weakened modestly against the Australian dollar, trading near 0.1772—about 2.2% below its 3-month average.
Despite these fluctuations, the Hong Kong dollar’s peg to the US dollar keeps most movements within a narrow band. As the US dollar remains supported by oil and geopolitical tensions, expect the HKD to continue trading within these familiar ranges in the near term.
