HKMA warns carry-trade risks as USDHKD nears weak band edge
HKMA said a widening HK–US interest-rate differential could spur carry trades and push the Hong Kong dollar toward the weak side of its trading band; USDHKD fell to 7.8456 per US dollar in the afternoon.
The Hong Kong Monetary Authority said on Thursday that a widening interest-rate gap between Hong Kong and the United States could encourage carry trades and move the Hong Kong dollar toward the weak side of its trading band. 8456 per US dollar in afternoon trade.