Hong Kong’s new HKD$20 and HK$50 bills, unveiled by the Hong Kong Monetary Authority (HKMA) in Central on 30 December 2019. Photo: Winson WongHong Kong’s new HKD$20 and HK$50 bills, unveiled by the Hong Kong Monetary Authority (HKMA) in Central on 30 December 2019. Photo: Winson Wong
Hong Kong’s new HKD$20 and HK$50 bills, unveiled by the Hong Kong Monetary Authority (HKMA) in Central on 30 December 2019. Photo: Winson Wong

Hong Kong dollar strengthens to three-year high as rising Hibor on tight liquidity adds fuel to Asia’s best currency carry trade

  • The options market is pricing in a 50-50 chance that the Hong Kong dollar will touch the strong end of its trading band against the US dollar by the end of March
  • Short-sellers began unwinding their short positions in December, triggering the biggest monthly rally since 2008
Topic |   Currencies
Hong Kong’s new HKD$20 and HK$50 bills, unveiled by the Hong Kong Monetary Authority (HKMA) in Central on 30 December 2019. Photo: Winson WongHong Kong’s new HKD$20 and HK$50 bills, unveiled by the Hong Kong Monetary Authority (HKMA) in Central on 30 December 2019. Photo: Winson Wong
Hong Kong’s new HKD$20 and HK$50 bills, unveiled by the Hong Kong Monetary Authority (HKMA) in Central on 30 December 2019. Photo: Winson Wong
READ FULL ARTICLE