Reported about 14 hours ago
U.S. President Donald Trump's unpredictable policies have caused significant volatility in the Hong Kong dollar, impacting the longstanding currency peg with the U.S. dollar. Over the past month, the Hong Kong dollar has fluctuated widely within its trading band, forcing the Hong Kong Monetary Authority to intervene multiple times. This volatility has led to record low interest rates in Hong Kong, posing challenges for businesses and investors. Although local officials insist the currency peg will remain in place, recent changes in interest rates and capital flows raise concerns about financial stability.
Source: YAHOO