Hong Kong Dollar May Weaken Further to 7.85 Vs. U.S. Dollar on More Carry Trades -- Market Talk

Dow Jones

2025/05/21

0544 GMT - The Hong Kong dollar may weaken further to 7.85 against the U.S. dollar on more carry trades, Mizuho Securities Asia's Ken Cheung says in an email. Abundant HKD liquidity conditions have played a prominent role in driving HKD rates to extreme lows, resulting in substantial deviation from USD rates and creating an opportunity for "long USD carry trades," says the director of forex strategy. This boosted spot USD/HKD from 7.75 to near 7.83 in only three weeks, Cheung notes. Looking ahead, the "more likely scenario is further carry-trade induced HKD weakening to 7.85 level, potentially triggering the opposite leg of HKMA intervention to drain liquidity to defend the peg," Cheung says. USD/HKD is little changed at 7.8288. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 21, 2025 01:44 ET (05:44 GMT)

应版权方要求，你需要登录查看该内容

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2537670116"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2537670116\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2537670116?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-21 13:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2537670116","market":"hk","top_or_hot":-1,"title":"Hong Kong Dollar May Weaken Further to 7.85 Vs. U.S. Dollar on More Carry Trades -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0544 GMT - The Hong Kong dollar may weaken further to 7.85 against the U.S. dollar on more carry trades, Mizuho Securities Asia's Ken Cheung says in an email. Abundant HKD liquidity conditions have played a prominent role in driving HKD rates to extreme lows, resulting in substantial deviation from USD rates and creating an opportunity for \"long USD carry trades,\" says the director of forex strategy. This boosted spot USD/HKD from 7.75 to near 7.83 in only three weeks, Cheung notes. Looking ahead, the \"more likely scenario is further carry-trade induced HKD weakening to 7.85 level, potentially triggering the opposite leg of HKMA intervention to drain liquidity to defend the peg,\" Cheung says. USD/HKD is little changed at 7.8288. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 21, 2025 01:44 ET (05:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Dollar May Weaken Further to 7.85 Vs. U.S. Dollar on More Carry Trades -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Dollar May Weaken Further to 7.85 Vs. U.S. Dollar on More Carry Trades -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-21 13:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0544 GMT - The Hong Kong dollar may weaken further to 7.85 against the U.S. dollar on more carry trades, Mizuho Securities Asia's Ken Cheung says in an email. Abundant HKD liquidity conditions have played a prominent role in driving HKD rates to extreme lows, resulting in substantial deviation from USD rates and creating an opportunity for \"long USD carry trades,\" says the director of forex strategy. This boosted spot USD/HKD from 7.75 to near 7.83 in only three weeks, Cheung notes. Looking ahead, the \"more likely scenario is further carry-trade induced HKD weakening to 7.85 level, potentially triggering the opposite leg of HKMA intervention to drain liquidity to defend the peg,\" Cheung says. USD/HKD is little changed at 7.8288. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 21, 2025 01:44 ET (05:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4023","symbol_name":"应用软件","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2537670116","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537670116","pubTimestamp":1747806240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0544 GMT - The Hong Kong dollar may weaken further to 7.85 against the U.S. dollar on more carry trades, Mizuho Securities Asia's Ken Cheung says in an email. Abundant HKD liquidity conditions have played a prominent role in driving HKD rates to extreme lows, resulting in substantial deviation from USD rates and creating an opportunity for \"long USD carry trades,\" says the director of forex strategy. This boosted spot USD/HKD from 7.75 to near 7.83 in only three weeks, Cheung notes. Looking ahead, the \"more likely scenario is further carry-trade induced HKD weakening to 7.85 level, potentially triggering the opposite leg of HKMA intervention to drain liquidity to defend the peg,\" Cheung says. USD/HKD is little changed at 7.8288. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件","HKD":"尚乘数科","BK4588":"碎股","BK4526":"热门中概股","BK4585":"ETF&股票定投概念"},"translate_title":"由于更多套利交易，港元兑美元可能进一步走弱至7.85——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HKD":0.9},"content_text":"0544 GMT - The Hong Kong dollar may weaken further to 7.85 against the U.S. dollar on more carry trades, Mizuho Securities Asia's Ken Cheung says in an email. Abundant HKD liquidity conditions have played a prominent role in driving HKD rates to extreme lows, resulting in substantial deviation from USD rates and creating an opportunity for \"long USD carry trades,\" says the director of forex strategy. This boosted spot USD/HKD from 7.75 to near 7.83 in only three weeks, Cheung notes. Looking ahead, the \"more likely scenario is further carry-trade induced HKD weakening to 7.85 level, potentially triggering the opposite leg of HKMA intervention to drain liquidity to defend the peg,\" Cheung says. USD/HKD is little changed at 7.8288. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 21, 2025 01:44 ET (05:44 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}