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Posted by
Two Blokes May 22 -
Filed in
Forex
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2 views
The US Dollar to Hong Kong Dollar (USD/HKD) exchange rate tested the strong point of the 7.75-7.85 trading band in May, but has since weakened sharply to 1-year lows near 7.83 following heavy intervention by the HKMA. UBS will be looking to take advantage of the carry trade and buy USD/HKD if there is a renewed slide towards 7.75 Wider.
