HKMA: Hong Kong dollar (HKD) remains steady after FOMC decision

Dhwani Mehta FXStreet

In response to the FOMC monetary policy decision, the Hong Kong Monetary Authority (HKMA) that “the HK dollar (HKD) remains steady” after Fed Chair Powell’s dismissal of tapering talks smashed the US dollar.

Additional quotes

“Money markets are operating smoothly, there is ample liquidity.”

“The HKD exchange rate and HK interest rates remain steady.”

At the time of writing, USD/HKD trades almost unchanged at 7.7623, unperturbed by the above comments.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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