Hong Kong dollar, yuan little changed as Fed rate rise odds spike


The Hong Kong dollar and Chinese yuan were little changed on Thursday after the US Fed held interest rates unchanged as expected while signalling it was still on track for two more interest rate hikes this year.
The Hong Kong dollar was trading at 7.7817 per dollar at 10:45am on Thursday morning compared to a 10-week low of 7.7818 on Wednesday, and compared with 7.7807 on Tuesday. Local markets were closed on Wednesday for a public holiday.
The onshore yuan in Shanghai was little changed at 6….

Karen Yeung

The author Karen Yeung

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