HONG KONG: The Federal Reserve’s decision to slash interest rates to zero is having one unintended consequence in Hong Kong, where the currency is near its strongest since 2017.
Borrowing in dollars to buy the Hong Kong dollar has been Asia’s most profitable carry trade in the past month.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!