HKD Market Update
23 Jun 2026 • 00:28 GMT
The Hong Kong dollar (HKD) remains stable against the US dollar (USD), trading near 90-day lows around 0.1276, close to its 3-month average. It has been confined to a narrow range between 0.1276 and 0.1279, showing little short-term volatility. This stability aligns with the HKMA’s recent decision to hold the base rate steady at 4.0%, matching the U.S. Federal Reserve’s pause, and maintaining the currency peg within the usual 7.75–7.85 range.
In the currency market, the HKD has strengthened against the euro and the Japanese yen, trading near 90-day highs against both, with HKD/EUR at approximately 0.1116 and HKD/JPY around 20.61. Conversely, the HKD has also seen gains against the Australian dollar and the Canadian dollar, both trading near their recent highs.
The overall picture suggests that the HKD remains resilient, supported by steady monetary policy and Hong Kong's strong economic fundamentals. Market participants should keep an eye on US economic data and geopolitical developments, which could influence the dollar and, indirectly, the HKD. However, current trends point to continued stability within the established peg through the coming months.
