HKD Supported by Low US Yield and Seasonal Factors, Despite Huge Political Uncertainty Ahead

<p>Recent strength of HKD has triggered the territory’s de facto central bank, HKMA, to defend the currency system. The key reasons for strong HKD are broad-based USD weakness, HIBOR-LIBOR spread, semiannual settlement and IPO activities in Hong Kong. Policy uncertainty has taken a backseat as the US government is ridden by mass scale protests and [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/special-topics/303087-hkd-supported-by-low-us-yield-and-seasonal-factors-despite-huge-political-uncertainty-ahead/">HKD Supported by Low US Yield and Seasonal Factors, Despite Huge Political Uncertainty Ahead</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>