Hong Kong Dollar Headed for Weak End of Range, HKMA's Chan Says

  • 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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