Hong Kong Dollar Pressured by Carry Trade Demand
On August 20, 2026, the Hong Kong dollar approached the weak end of its trading band against the U.S. dollar as demand for carry trades pushed the currency lower within its fixed exchange-rate system.
On August 20, 2026, the Hong Kong dollar approached the weak end of its trading band against the U.S. dollar as demand for carry trades pushed the currency lower within its fixed exchange-rate system.
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Demand for carry trades is pushing the Hong Kong dollar toward the weak end of its trading band against the greenback.