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USD/HKD hit off 7.7500 after continual HKMA intervention

Strong inflows into stocks cont to pressure pair Hang Seng hit fresh 7-yr highs, index lat +1.44% Selling pressure should cap rallies to 7.7510-20 window though Pair last at 7.7504-08, traded 7.7500-08

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  • Strong inflows into stocks cont to pressure pair

  • Hang Seng hit fresh 7-yr highs, index lat +1.44%

  • Selling pressure should cap rallies to 7.7510-20 window though

  • Pair last at 7.7504-08, traded 7.7500-08

 

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