FX VOICE: The stability of the Indian rupee
Nov 11, 2013
FX VOICE: HKMA's defence of the peg
The Hong Kong Monetary Authority intervened twice in one week to maintain the Hong Kong dollar peg. What is driving Hong Kong dollar's appreciation? Will the surge abate soon? CT asks the experts.
Wee-Khoon Chong, Asia rates strategist, Societe Generale CIB (pictured):
Emerging Asia FX has accelerated its appreciation trend against the US dollar following the US Federal Reserve's announcement of a third round of quantitative easing (QE3) in mid September, The surge ranged from 0.7% in Singapore dollars to 3.4% in Indian rupee. There is no exception for the Hong Kong dollar since it once again hit the lower boundary of the band.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to CorporateTreasurer.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a treasurer, CFO or senior professional at a corporate or SME, please register for free VIP access here.
Questions?
See here for more information on licences and prices, or contact [email protected].
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
