{"id":43395,"date":"2017-12-22T05:33:40","date_gmt":"2017-12-22T05:33:40","guid":{"rendered":"http:\/\/www.bnreport.com\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/"},"modified":"2017-12-22T05:33:41","modified_gmt":"2017-12-22T05:33:41","slug":"hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/","title":{"rendered":"Hong Kong dollar tumbles to weakest level in nearly two years"},"content":{"rendered":"

Hong Kong<\/a>'s dollar tumbled to the weakest in almost two years against the greenback, before erasing losses, as the gap between local and US interbank rates widened and investors discounted the possibility of the city's monetary authority acting to support the currency. <\/p>\n

The Hong Kong dollar slid to HK$7.8291 per dollar on Thursday, surpassing an intraday low set in August to reach the weakest level since January 2016. The currency was little changed at HK$7.8225 as of 4:46 p.m. It has declined 0.2 per cent after the Hong Kong Monetary Authority<\/a> indicated that it wasn't planning to sell extra debt in response to the US Federal Reserve<\/a>'s interest-rate increase. <\/p>\n

In August, the HKMA's announcement of an additional offering \u2014which drains liquidity<\/a> from the city's banking system \u2014 helped to halt the currency's march toward a 10-year low. While funding costs in both the US and Hong Kong currencies have risen in December, the differential is widening as the London<\/a> interbank offered rate heads for its sharpest monthly increase in two years. <\/p>\n

Three-month Libor<\/a> was 36 basis points higher than its Hong Kong equivalent as of Dec. 19, the widest spread since late November. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

[contf]
\n[contfnew]
\n <\/p>\n

ET Markets<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n

The post Hong Kong dollar tumbles to weakest level in nearly two years<\/a> appeared first on News Wire Now<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong's dollar tumbled to the weakest in almost two..<\/p>\n","protected":false},"author":1,"featured_media":43396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-43395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nHong Kong dollar tumbles to weakest level in nearly two years - Business News Report<\/title>\n<meta name=\"description\" content=\"Hong Kong's dollar tumbled to the weakest in almost two..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hong Kong dollar tumbles to weakest level in nearly two years - Business News Report\" \/>\n<meta property=\"og:description\" content=\"Hong Kong's dollar tumbled to the weakest in almost two..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-22T05:33:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-22T05:33:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/12\/hkdollar-thinkstocks.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"672\" \/>\n\t<meta property=\"og:image:height\" content=\"504\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"Hong Kong dollar tumbles to weakest level in nearly two years\",\"datePublished\":\"2017-12-22T05:33:40+00:00\",\"dateModified\":\"2017-12-22T05:33:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\\\/\"},\"wordCount\":233,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/hkdollar-thinkstocks.jpg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\\\/\",\"name\":\"Hong Kong dollar tumbles to weakest level in nearly two years - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/hkdollar-thinkstocks.jpg\",\"datePublished\":\"2017-12-22T05:33:40+00:00\",\"dateModified\":\"2017-12-22T05:33:41+00:00\",\"description\":\"Hong Kong's dollar tumbled to the weakest in almost two..\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/hkdollar-thinkstocks.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/hkdollar-thinkstocks.jpg\",\"width\":672,\"height\":504},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hong Kong dollar tumbles to weakest level in nearly two years\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics & Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\",\"name\":\"infopal11\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/infopal11\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hong Kong dollar tumbles to weakest level in nearly two years - Business News Report","description":"Hong Kong's dollar tumbled to the weakest in almost two..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/","og_locale":"en_US","og_type":"article","og_title":"Hong Kong dollar tumbles to weakest level in nearly two years - Business News Report","og_description":"Hong Kong's dollar tumbled to the weakest in almost two..","og_url":"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2017-12-22T05:33:40+00:00","article_modified_time":"2017-12-22T05:33:41+00:00","og_image":[{"width":672,"height":504,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/12\/hkdollar-thinkstocks.jpg","type":"image\/jpeg"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"Hong Kong dollar tumbles to weakest level in nearly two years","datePublished":"2017-12-22T05:33:40+00:00","dateModified":"2017-12-22T05:33:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/"},"wordCount":233,"commentCount":0,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/12\/hkdollar-thinkstocks.jpg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/","url":"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/","name":"Hong Kong dollar tumbles to weakest level in nearly two years - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/12\/hkdollar-thinkstocks.jpg","datePublished":"2017-12-22T05:33:40+00:00","dateModified":"2017-12-22T05:33:41+00:00","description":"Hong Kong's dollar tumbled to the weakest in almost two..","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/12\/hkdollar-thinkstocks.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/12\/hkdollar-thinkstocks.jpg","width":672,"height":504},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/hong-kong-dollar-tumbles-to-weakest-level-in-nearly-two-years\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Hong Kong dollar tumbles to weakest level in nearly two years"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics & Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f","name":"infopal11","url":"https:\/\/www.bnreport.com\/en\/author\/infopal11\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/43395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=43395"}],"version-history":[{"count":0,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/43395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/43396"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=43395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=43395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=43395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}