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.

“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.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Read More