A worker displays US dollar and euro notes at a money exchange company in Peshawar, Pakistan, in August 2017. The euro is under strain from the euro-zone’s weak economy. Meanwhile, the dollar has also surged in relation to emerging market currencies. Photo: EPA
Nicholas Spiro
Opinion

Opinion

Nicholas Spiro

The US dollar will continue its triumphant run – unless central banks and the American economy change course

As long as the US economy continues to outperform its peers and central banks around the world take a more dovish stance than the Federal Reserve, the dollar will remain strong

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A worker displays US dollar and euro notes at a money exchange company in Peshawar, Pakistan, in August 2017. The euro is under strain from the euro-zone’s weak economy. Meanwhile, the dollar has also surged in relation to emerging market currencies. Photo: EPA
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Liquidity in Hong Kong’s banking system has shrunk to HK$69.9 billion (US$8.9 billion) from HK$76.3 billion at the beginning of the month. Photo: Winson Wong

Fed’s dovish policy will not erase carry trade risks in Hong Kong dollar, analysts say

  • Hong Kong dollar jumped to 7.8451 against the US Dollar on Thursday, its strongest level in six weeks to pull away from the weak end of its trading band
  • The US Federal Reserve earlier brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year
Topic |   Currencies

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Liquidity in Hong Kong’s banking system has shrunk to HK$69.9 billion (US$8.9 billion) from HK$76.3 billion at the beginning of the month. Photo: Winson Wong
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