Hong Kong Dollar Headed for Weak End of Range, HKMA's Chan SaysBy and
Linked exchange rate allows moves in a HK$7.75-HK$7.85 band
Goldman sees scope for about HK$300 billion of outflows
The head of the Hong Kong Monetary Authority said he expects capital outflows to push the local currency to the weak end of its trading range for the first time and reiterated his commitment to keeping the exchange rate’s existing link to the U.S. dollar.
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