HONG KONG, Nov 27 (Reuters) - Hong Kong's money market rates rose to multi-year highs on Monday as demand for Hong Kong dollars remained strong after the central bank's efforts to soak up excess cash and thanks to the city's hot stock market.
moreThe central parity rate of the yuan against the Hong Kong dollar is based on the central parity rate of the yuan against the U.S.
more| 06 Jul 2017 09:26 | Bloomberg |
Now things may be changing, with forward points and interest-rate swaps in Hong Kong's dollar starting to bottom out. The reasoning is simple: with the currency having fallen to the middle of its permitted band and the U.S.
moreCathay Pacific Airways on Wednesday reported its first full-year loss since the 2008 global financial crisis, dragged down by overcapacity, a strong Hong Kong dollar and mounting competition from mainland Chinese carriers. Shares of Hong Kong's flag ...
more| 17 Oct 2015 11:52 | South China Morning Post (subscription) |
It says that you pick an exchange rate to the US dollar, HK$7.80 in our case, and any time that someone wants Hong Kong dollars at that rate, you take his US dollars, stick them into the safe and print the equivalent of HK dollars for him, straight out ...
more| 16 Aug 2015 23:30 | Channel News Asia |
Hong Kong's retail sector relies on the spending of Chinese tourists and in June alone there were 3.3 million visitors from the mainland.
more| 27 Apr 2015 00:03 | South China Morning Post (subscription) |
The Hong Kong dollar remains at the top end of the peg's trading band on Monday despite the late Friday sale of HK$14.88 billion by the city's de-facto central bank.
more| 26 Apr 2015 18:34 | Bloomberg |
Yanis Varoufakis, Greece's finance minister, speaks during a panel discussion at the Brookings Institution on the sidelines of the International Monetary Fund and World Bank Group Spring Meetings in Washington, D.C.
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