FXStreet (Bali) – Win Thin, Strategist at BBH, notes that the Hong Kong dollar posted its biggest two-day decline since 1992.
Key Quotes
“Yet HKD still remains in the strong half of the 7.75-7.85 trading band and has not yet traded above the midpoint fix rate of 7.80.”
“However, Financial Secretary Tsang admitted that it’s possible that HKD could move to the weak side of the band.”
“Again, we do not think it is a speculative attack, as some in the press are suggesting.”
(Market News Provided by FXstreet)