USD/HKD May Hit Weak Side of Hong Kong LERS' Trading Band Again -- Market Talk

Dow Jones

Jul 03

0047 GMT - USD/HKD may again hit 7.85, weak side of the Hong Kong Linked Exchange Rate System's trading band, Commerzbank Research analysts say in a research report. The Hong Kong Monetary Authority this week defended the weak side of this band by buying HK$20.02 billion and selling US$2.55 billion at 7.85, the analysts note. This along with previous interventions have been spurred by HKD outflows as the U.S.-H.K. rate spread has widened since early May. The wide rate spread attracts carry trade by borrowing HKD and selling it against higher-yielding USD assets. "This means there is a good chance we will see USD-HKD hitting the weak-side at 7.85 again soon and HKMA may need to intervene further," they add. USD/HKD is steady around 7.8499. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 02, 2025 20:47 ET (00:47 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2548458841"},"companyName":"Tiger Brokers"},"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:\"2548458841\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2548458841?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-03 08:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2548458841","market":"sh","top_or_hot":-1,"title":"USD/HKD May Hit Weak Side of Hong Kong LERS' Trading Band Again -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0047 GMT - USD/HKD may again hit 7.85, weak side of the <a href=\"https://laohu8.com/S/HKRHF\">Hong Kong</a> Linked Exchange Rate System's trading band, Commerzbank Research analysts say in a research report. The Hong Kong Monetary Authority this week defended the weak side of this band by buying HK$20.02 billion and selling US$2.55 billion at 7.85, the analysts note. This along with previous interventions have been spurred by HKD outflows as the U.S.-H.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. rate spread has widened since early May. The wide rate spread attracts carry trade by borrowing HKD and selling it against higher-yielding USD assets. \"This means there is a good chance we will see USD-HKD hitting the weak-side at 7.85 again soon and HKMA may need to intervene further,\" they add. USD/HKD is steady around 7.8499. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 02, 2025 20:47 ET (00:47 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>USD/HKD May Hit Weak Side of Hong Kong LERS' Trading Band Again -- 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\">\nUSD/HKD May Hit Weak Side of Hong Kong LERS' Trading Band Again -- 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\">2025-07-03 08:47</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0047 GMT - USD/HKD may again hit 7.85, weak side of the <a href=\"https://laohu8.com/S/HKRHF\">Hong Kong</a> Linked Exchange Rate System's trading band, Commerzbank Research analysts say in a research report. The Hong Kong Monetary Authority this week defended the weak side of this band by buying HK$20.02 billion and selling US$2.55 billion at 7.85, the analysts note. This along with previous interventions have been spurred by HKD outflows as the U.S.-H.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. rate spread has widened since early May. The wide rate spread attracts carry trade by borrowing HKD and selling it against higher-yielding USD assets. \"This means there is a good chance we will see USD-HKD hitting the weak-side at 7.85 again soon and HKMA may need to intervene further,\" they add. USD/HKD is steady around 7.8499. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 02, 2025 20:47 ET (00:47 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":"2548458841","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548458841","pubTimestamp":1751503620,"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":"0047 GMT - USD/HKD may again hit 7.85, weak side of the Hong Kong Linked Exchange Rate System's trading band, Commerzbank Research analysts say in a research report. The Hong Kong Monetary Authority this week defended the weak side of this band by buying HK$20.02 billion and selling US$2.55 billion at 7.85, the analysts note. This along with previous interventions have been spurred by HKD outflows as the U.S.-H.K. rate spread has widened since early May. The wide rate spread attracts carry trade by borrowing HKD and selling it against higher-yielding USD assets. \"This means there is a good chance we will see USD-HKD hitting the weak-side at 7.85 again soon and HKMA may need to intervene further,\" they add. USD/HKD is steady around 7.8499. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件","BK4585":"ETF&股票定投概念","BK4526":"热门中概股","HKD":"尚乘数科","USD":"ProShares Ultra Semiconductors","BK4588":"碎股"},"translate_title":"美元/港元可能再次触及香港LERS交易区间的弱势侧——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HKD":1,"USD":1,"USDHKD.FOREX":1},"content_text":"0047 GMT - USD/HKD may again hit 7.85, weak side of the Hong Kong Linked Exchange Rate System's trading band, Commerzbank Research analysts say in a research report. The Hong Kong Monetary Authority this week defended the weak side of this band by buying HK$20.02 billion and selling US$2.55 billion at 7.85, the analysts note. This along with previous interventions have been spurred by HKD outflows as the U.S.-H.K. rate spread has widened since early May. The wide rate spread attracts carry trade by borrowing HKD and selling it against higher-yielding USD assets. \"This means there is a good chance we will see USD-HKD hitting the weak-side at 7.85 again soon and HKMA may need to intervene further,\" they add. USD/HKD is steady around 7.8499. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 02, 2025 20:47 ET (00:47 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"}}}