Hong Kong Dollar Trades At 4-day Low Against U.S. Dollar
December 19 2019 - 9:22PM
RTTF2
The Hong Kong dollar traded lower against the U.S. dollar in
Asian deals on Friday, as the latter firmed ahead of GDP data due
to be released later today.
U.S. Treasury Secretary Steven Mnuchin remarked that the United
States and China would sign their 'Phase One' trade pact in early
January and that the deal would not be subject to
renegotiation.
The Hong Kong dollar dropped to a 4-day low of 7.8015 against
the greenback from Thursday's closing value of 7.7936. If the
currency drops further, 7.85 is seen as its next downside target
level.
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