HKD Weakens; Current Spot USD T/T Rate Reaches 7.7970
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3h ago
0mins
Source: aastocks
HKD Performance: The Hong Kong Dollar (HKD) weakened on the morning of the 20th, with a trading range of 7.7963 to 7.7984 against the USD, and the last reported spot rate was 7.7970.
Banking System Balance: The aggregate balance of Hong Kong's banking system is projected to be HKD53.815 billion on Thursday, the 22nd.
US Core PPI Update: The Core Producer Price Index (PPI) for November in the United States remained unchanged at 0.0%, which was below the forecast of 0.2%.
Economic Indicators: The stability in the Core PPI suggests a lack of inflationary pressure in the US economy for the reported period.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
