HK dollar in crosshairs on China risk, Fed rate bets ...Qatar

One of the dullest currencies in the world is gaining attention due to China’s regulatory crackdown and bets on higher US rates. The Hong Kong dollar has fallen 0.2% in August, poised for its biggest monthly loss since March. Speculation on the timeline of a Federal Reserve rate hike and concern about the coronavirus spread have bolstered the greenback. A selloff in Hong Kong’s shares following China’s crackdown on the country’s biggest technology companies has further weighed on the dollar-pegged currency. “I wouldn’t rule out 7.8 being breached in the near term if sentiment worsens,” said Eddie Cheung, senior emerging markets strategist at Credit Agricole CIB in Hong Kong. Still, “we will

Read More Details
Finally We wish PressBee provided you with enough information of ( HK dollar in crosshairs on China risk, Fed rate bets )

Also on site :

Tears and Shock: First Islander Sent Home on ‘Love Island USA’ Season 7
A Gaza-bound aid boat carrying Greta Thunberg and other activists has been diverted to Israel
'Hamilton’ Original Cast Reunites at 2025 Tony Awards & Fans Are Saying the Same Thing

HK dollar in crosshairs on China risk, Fed rate bets ...Qatar

West Midlands to Skegness drug courier: Police smash car window and arrest drug courier after 5-mile A46 chase

Resolution of Pak-India issues begins with Kashmir, says Bilawal during UK visit

Trump-Musk divorce threatens the president and the entire Republican Party

Greta Thunberg among activists on Gaza aid boat that was intercepted by Israeli forces

Todd Gilliland On Shocking NASCAR Crash: 'Zero warning!'

Women are 32% more likely to serve as company president before becoming CEO, according to a new report

J Balvin, Doja Cat and Tems to Headline First-Ever FIFA Club World Cup Halftime Show

Warning over ‘dodgy’ Fire TV Sticks used to watch Sky Sports and Premier League games for as little as £6

Stephen Curry, Caleb McLaughlin, Gabrielle Union, & Nick Kroll Set For Voice Cast Of Sony Pictures Animation’s Sports-Themed Movie ‘Goat’– Annecy

Israeli military says it has recovered body of elusive Hamas leader Mohammed Sinwar

Palestinians say Israel and its allies fired on crowd near Gaza aid site. Hospital says 6 killed

Low-Dose Colchicine May Help Stabilize Coronary Plaques

Savers ‘urgently’ told to lock in higher rates as top fixes fall

Jailed: Paedophile Oswestry businessman fled the country before being arrested in Thailand and slung in prison

Trump administration ‘diverted 20,000 anti-drone missiles promised to Ukraine to US troops’