Hong Kong Dollar Rises To 5-1/2-month High Against U.S. Dollar
December 15 2019 - 8:19PM
RTTF2
The Hong Kong dollar strengthened against the U.S. dollar in
late Asian deals on Monday, as better than expected China data
bolstered sentiment.
China's industrial production rose an annual 6.2 percent in
November, the National Bureau of Statistics said, coming in above
forecasts of 5.0 percent growth. Similarly, retail sales grew 8.0
from last year, above expectations of a 7.6 percent growth.
Investors also awaited fine details of the interim "Phase 1"
agreement between the U.S. and China announced Friday.
The Hong Kong currency climbed to a 5-1/2-month high of 7.7866
against the greenback from Friday's closing value of 7.7997. The
next possible resistance for the Hong Kong dollar is seen around
the 7.77 level.
US Dollar vs INR (FX:USDINR)
Forex Chart
From Mar 2024 to Apr 2024
US Dollar vs INR (FX:USDINR)
Forex Chart
From Apr 2023 to Apr 2024
