The Hong Kong Dollar (HKD) has been a symbol of globalisation since the opening of China’s economy 40 years ago. Economists at ANZ Bank analyze the HKD outlook.
A weak HKD is a market reality
As the US Federal Reserve quantitatively tightens and financial demand in Hong Kong remains lacklustre, the HKD is likely to stay at the weaker side of the band over the next few years.
A weak HKD is a market reality rather than a phenomenon caused by geopolitical pressure.
Source: https://www.fxstreet.com/news/hkd-likely-to-stay-at-the-weaker-side-of-the-band-over-the-next-few-years-anz-202310061400