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Hong Kong Dollar – Market News

 

    AUD to HKD Forecasts

    The AUD/HKD rate is directly influenced by the AUD/USD as HKD is pegged to USD.

    Hong Kong dollar HKD forecasts for 2020

    Forecasts and predictions for the Hong Kong dollar change all the time, affected by news events and relative sentiment towards the HK economy. This continually updated article reviews HKD bank forecasts and popular cross-rate trends.

    InstaReM – BER Review

    Instarem provides fast, safe and cost effective cross border money transfer services for Individuals and businesses from Australia, Hong Kong, India, Malaysia and Singapore to more than 25 countries.

    WorldFirst add Hong Kong Dollar and Chinese Yuan to World Accounts

    World Accounts now let your business collect funds and pay local suppliers in HKD or make payments to offshore CNY (CNH) accounts in China.

    Australian Dollar at 4-Month Low After China Announces Tariff Retaliation

    The US-China trade war is hotting up and that’s bad news for the Australian dollar, which slipped on Monday to a 4-month low against the dollar, euro and yen.

    Yen Falls to 9-Month Low and Era of Cheap Money Ends in Hong Kong

    The US dollar was the best of the majors on Thursday—it broke to a nine-month high versus the yen and forced a retreat in the Australian dollar back to the low $0.72s. In Hong Kong, commercial lending rates have been raised for the first time in twelve years, indicating the beginning of the end for cheap money in the region.

    Swiss Franc Slides to Symbolic 1.2 Per Euro Level, Cheered On by SNB

    Thursday and Friday saw the Swiss franc slide through the symbolic 1.2 per euro level at which the Swiss National Bank capped the franc’s value prior to “Francogeddon” in January 2015. The franc has weakened steadily since it traded at 0.965 per euro in the aftermath of the SNB’s abrupt abolition of the currency cap, […]

    HKMA to Defend Hong Kong Dollar After Slide to Extreme of Currency Peg

    Six consecutive weeks of losses for the Hong Kong dollar make it near-inevitable that the Hong Kong Monetary Authority will have to defend the currency’s peg at some point in the upcoming week. The Hong Kong dollar, which has been restricted since 2005 to exchange rates between 7.75 and 7.85 per US dollar, weakened on […]

    DBS Exchange Rates

    Currency exchange is a complex subject for most people. For the majority of them, it is not something they need to track on a daily basis. However, when someone plans to travel abroad or send/receive cash from overseas, one needs to have some awareness of exchange rates and its calculation. In this article we look […]

    Further Warnings on Hong Kong’s Housing Market: “Be Very Careful” Says Finance Secretary

    For the second time in recent months, Hong Kong’s Finance Secretary, Paul Chan, has issued a warning on the country’s housing market. “One has to be very careful if one really wants to buy a property in Hong Kong,” said Secretary Chan on Tuesday morning. “I would not be surprised if there will be a […]

    Asian Currencies Plunge Against CAD After Bank of Canada’s Surprise Rate Hike

    To the surprise of many, the Bank of Canada raised interest rates on Wednesday to 1.0%, from 0.75%, which sent currencies in the Asia-Pacific region tumbling against the Canadian dollar. The Bank of Canada had been expected to raise the cost of borrowing again this year, following a quarter-point hike in July, but most analysts […]

    Hong Kong Dollar Surprises with Best Day in 18-Months and RBNZ to Stay on Hold Until 2019

    On Wednesday, a single explosive hour formed the basis of what became the Hong Kong dollar’s best day since February 2016. A little after 6am in London and 1pm in Hong Kong, the Hong Kong dollar suddenly took off, forcing USD/HKD down from levels around 7.826 to 7.8116. And while a 0.18% move might seem negligible […]

    Hong Kong Dollar Stability Is Shattered as Currency On Course For Another Bad Week

    For much of 2017 it’s been one-way traffic in the market for Hong Kong dollars. USD/HKD rose (the Hong Kong dollar fell) in fourteen of the seventeen weeks prior to July 7th, blowing through the midpoint of its allowed 7.75-7.85 range with ease. The currency had, however, stabilized over much of the past month – […]

    Hong Kong Dollar Fall Continues, Now at 18-Month Low

    Ahead of today’s US non-farm payrolls data, the Hong Kong dollar’s fall continues unabated. This week the currency is holding above 7.81 against the US dollar and reached an eighteen-month low (a USD/HKD high) on Monday of 7.8140. Hong Kong dollar weakness continues to be driven by the ever-widening gap between local and US interbank […]

    Hong Kong Authorities Post Warning on “Dangerous Situation” in Housing Market and RBNZ Keep Cool on Interest Rates

    “We have to warn our people about the dangerous situation of the property market,” said Hong Kong’s Financial Secretary, Paul Chan, today. In an interview with Bloomberg’s Haslinda Amin, Chan expressed concern about a potential housing market correction in Hong Kong, which is currently the world’s most expensive city for property. In 2016, Hong Kong […]

    Canadian Dollar Surges as Central Banker Hints at Rate Hike and Hong Kong Dollar Hits 16-Month Low

    Very early this morning in Asia, Bank of Canada (BOC) Council member Carolyn Wilkins lit a fire under the Canadian dollar with her remarks to an audience at the Asper School of Business in Winnipeg, in which she hinted at a possible rate hike by the BOC. Wilkins said that “as growth continues…the Governing Council […]

    Korean Won Makes Its Move, Malaysia in Focus and Hong Kong Dollar Still Falling

    The Korean won finally made its move yesterday away from the 1130-to-1140 range against the US dollar. The exchange rate for USD/KRW had been trapped between the two prices for much of the previous ten trading days. At the end of yesterday’s New York session – the traditional end of the FX trading day – […]

    Scotiabank: Four Conditions for Asian Currency Appreciation in 2017

    On Friday, Scotiabank – otherwise known as the Bank of Nova Scotia – outlined four factors that would drive Asian currencies higher in 2017. Investors would “pour funds” into Asian markets on the following grounds:   1)   If the Bank of Japan and European Central Bank continue with their stimulus programs, providing “accommodative” levels […]

    Aussie Falls on CPI Miss and Hong Kong Dollar Slide Continues, Now at Fourteen-Month Lows

    Within the past hour, the Australian dollar has fallen sharply following weaker than expected CPI data. Figures from the Australian Bureau of Statistics show that consumer prices grew 0.5% in the first-quarter of 2017 and at an annualized rate of 2.1%. AUD/USD fell from 0.7539 to 0.7508 on the news and, as of writing, trades […]


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