hong-kong-dollars-1 Despite posting much better-than-expected retail sales data on Monday, the Hong Kong Dollar has depreciated a little against the Pound. This is as a result of the ongoing protests by Hong Kong citizens who demand free and open ...
The Hong Kong dollar has broken its long-held tight range and plummeted to a six-month low against the US dollar as rising tensions in Asia's financial capital severely affected the investment outlook for the city state under Chinese rule.
The Hong Kong Dollar (HKD) edged higher against the Pound (GBP) and was able to move away from a two-year low against the US Dollar as the markets deemed escalating pro-democracy protests as just 'political noise'.
NEW YORK, Sept 29 (Reuters) - The dollar's three-month rally took a breather on Monday on nervousness over Beijing's response to democracy protests in Hong Kong and concerns it might hurt the region's economy and status as a global financial hub.
South China Morning Post (subscription) - Sep 25, 2014
Housing costs are becoming a serious impediment to Hong Kong's growth and youth opportunities. Beijing's currency manipulation of the renminbi is spilling over into Hong Kong by way of local market pressure on the Hong Kong dollar. Something must give.
Investors bailed out of shares and dumped the Hong Kong dollar yesterday while banks, jewellers and fashion stores shut their doors as pro-democracy protests brought parts of the island to a standstill.