(Bloomberg) — The Hong Kong dollar is suddenly looking vulnerable, after weeks of trading at the strong end of its band against the greenback.Late on Friday, the currency weakened rapidly in its biggest drop since mid-June, when the exchange rate was buffeted by Beijing’s decision to impose laws curbing dissent in the city. The decline was unexpected, given persistent inflows into the former British colony, but may have been triggered by concern about possible financial sanctions and a narrowing of the yield gap between the Hong Kong and U.S. dollars.Traders are watching the Hong Kong dollar closely for any signs …read more
Source:: Yahoo Finance
