Trump-induced turbulence hits Hong Kong dollar, interest rates

From Yahoo Finance: 2025-06-09 02:20:00

President Trump’s policies are causing volatility in the Hong Kong dollar, impacting interest rates and disrupting the market. Global investors are shifting away from U.S. assets, flooding Hong Kong with capital. The Hong Kong Monetary Authority intervened in the foreign exchange market to stabilize the currency. Record low borrowing costs and widened spreads between U.S. and Hong Kong rates are causing concern for businesses and investors. Despite the volatility, Hong Kong officials are committed to maintaining the currency peg. Lower interest rates are benefiting the economy, with home prices rising and the government issuing longer tenor debt.



Read more at Yahoo Finance: Trump-induced turbulence hits Hong Kong dollar, interest rates